BATAINDIA trade ideas
Resistance broken , What is ahead ?I was following this scrip since few days, it seems like a potential player to achieve its targets in coming days
keep in your radar.
Bata India- To reach 1750 in the next few daysMy analysis is only for my learning purposes. I am just charting student.
BATA INDIA SHAREThis stock trading sideways channel under support zone 1650 to 1630 and expect upside 1700 in next 5 Trading days
Bata india short intradayNSE:BATAINDIA
LL LH formation + trendline breakdown
short target 1630. entry at 1650 retest
BATA #StockMarket #StockToWatch DECENT BO OBSERVED IN BATA..
GOOD ENTRY FOR INTRADAY TARGETS ..
ALSO CAN POSITIONALLY HOLD FOR ATH LEVELS...
STOPLOSS ON A TRAILING BASIS....
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REFER CHART FOR ALL DETAIL LEVELS
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STRICTLY PUT SL IN EVERY TRADE
Bata - Cautious BreakoutCheck for volumes confirmation then only buy.
Without volumes, BO cannot sustain
[ Intraday ] BATAINDIA Long Betr : R ratio is 1 : 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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GOOD OPPORTUNITY TO SELLThis share may be forming a double top pattern so it might be a good selling opportunity.
LONG BATAINDIATrendline breakout in BATAINDIA, Upside momentum is expected.
TARGET : 1805
LTP :1605
STOP LOSS : 1505
DISCLAIMER : We are not SEBI registered investment advisors. Consult with your financial advisor before initiating any trade. We are sharing this analysis for educational purposes only. I may or may not hold any position in underlying security.
BATA INDIA Trading SetupStrong breakout above the resistance area and long term trendline with good volume support.
Bata India Breakout - Pivot Target 2100 Bata India has given strong upside move today post the earnings. Largest ever green candle on daily time frame. Saw some selling pressure from days high. Strong contender of re-open theme. Near term move to 1700, retest 1650, then move to targets of 2000-2100.
BATAINDIA ON VERGE OF BREAKOUT #BATAINDIA TF-1D &1 1W
On verge of #Breakout on daily timeframe above 1680,Good volume spike seen today.
On weekly chart it has already broken trendline resistance
Above 1680 on WCB it is ready for 1800-1880+ targets
Keep on radar
