Date : 24-02-2024
Buy BATA above 1561
Target of 1632-1699-1741-827-1922-2115
SL 1339
Strategy : Bottom Pick, Reversal may be seen
Entry should be above 200 EMA
Duration few Weeks to Months
Please consult your financial advisor before investing
All research for educational purposes only.
head and shoulder on weekly chart
EMA Cross over done and stock move down side
standing on pivot S1
if S1 is failed to support may the fall continue further
this post is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
BATAINDIA is in consolidation range of 1393-1493. Since the company has good fundamentals and decent growth in EBITDA and EPS over the years, it seems good time to start accumulating at these levels.
SL below 1393 on closing basis.
Support and resistance levels are key concepts in technical analysis, a method used to evaluate and forecast price movements in financial markets, particularly in stocks, forex, and commodities. Support level refers to a price level at which a security or asset often finds buying interest, preventing its price from falling further. Traders and investors view...
In the Weekly Chart of BATAINDIA ,
we can see that, it is at decision making point.
Either we will a strong selling or a W shape recovery.
Trade with SL.
Having Good fundamental stocks and good value discounted Stocks
Technically taking support at CMP
Potential to reach 1600 as per technical
Hold till April
The stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes.
The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk.
If goes well, then the risk-reward ratio is quite good according to the projected...
- Bata is trading at a good order block
- The last origin of the impulsive move was from the same place
- I expect the same to happen this time too
- This is the zone where you guys should be watching out for swings with a stop loss of 2%
This is weekly chart analysis done. It May create W chart pattern in weekly basis. It is also in triangle Pattern.
Buying position : 1390
Stop Loss : 1335
1st Target : 1550
2nd Target : 1600
3rd Target : 1800
Note : Before taking any trade do your analysis.
- symmetrical triangle pattern has formed in Weely chart
- yearly narrow range stock
- ema crossover has done and bearish engulfing candle has formed
- if break the lower trend line stock may fall further
- but at present the stock is trading at this year support level (S1) so, there is some chance to get trend reversal and to become bearish mode.
- watch the...
#BATAINDIA #stockstobuy #trending #investing
Bataindia reached it's important support zone - Investing mind set can be active in this zone.
Buying level - 1403-1384
INVESTING ON THE RIGHT TIME ON RIGHT STOCKS - CREATES ASSETS. 👍😊
If you are a swing Trader - Just follow Arrow marks...!!! With volume Conformation. 🙂
- Bata is a good International Brand, Dip has come due to poor results.
- Debt has increased, Reserves are adequate - Negative.
- Promotors holding is good & no promotors are pledged - Positive.
- Head and shoulder pattern on monthly chart,Tgt of H & S is marked in White vertical lines.
- Triangle pattern on monthly chart marked in aqua/skyblue colour.
- Volume...
BATA INDIA is an interesting chart with following
1. Bullish Harmonic BAT Pattern under formation on weekly chart
2. Price Reversal Zone as per Pattern is near 1420 - 1375 (below 1350 pattern fails)
3. Dozi formed on weekly chart with huge volume.
4. can be a good contra buy on dips with Low risk Reward as next resistance on upper side is at 1590-1610-1660...
