BATAINDIA trade ideas
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
[Intraday] Bata India Bullish Flag Pattern
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. Please refer to the link to my footer and explore further if You want.
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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.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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BATAINDIA | Gap up rejection and retracement gives good RRBATAINDIA | Trendline Breakout , now retesting the breakout zone after gap up rejection
Good hammer candle in 1 hour time frame.
CMP : 1390
SL : 1320
Target : 1640
1:4 risk reward setup
Buy Bata India with Sl 1545 for target of 1600 Buy Bata India with Sl 1545 for target of 1600 .
Key Observations:
1. Increase in OI by 12%
2.Breakout of Resistance level 1571 which was created by Gap
3. Following the trend
4. Indicators showing strong momentum
LONG BATAINDIAEnter in BATAINDIA between 1350 and 1250....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 1800,2050 and long term above 2600 easily......levels are marked........ best buy if goes around 1100
intraday idea for monday #equity #batatargets are mentioned. buy only if its closes above mentioned point. stoploss can be placed below trendline.
BATA India - Short @ 1595-1605 - Levels Target 1560- 1530-1500BATA India - Short @ 1595-1605 - Levels
Target 1560- 1530-1500-1485-1450+
SL above 1640 ( 30 Min candle closing basis)
Result today
Bata BullishBata is looking bullish in short term.Taking good support at trendline and checked 1560 levels multiple times.
1:3 Risk Reward opportunity on BATAINDIA. Wait for entryAs per my analysis, there is a strong Buy on BATAINDIA between 1350-1415 from the support zone. From the price action and MACD, I can infer that we will probably retest the interim support at 1468 and will fall further (H&S Shoulder pattern) to enter the demand zone mentioned above.
My Trade on Futures:
Lot Size: 550
Buy around 1415 (+1 lot)
Add more at 1350 (+1 lot)
Long Position Average: 1383 (for 2 lots)
Stop Loss: 1310 (-73 points)
Targets:
1620 (237 points), 1827 (444 points), Open (Please book your profit on the first target itself or trail your SL to 1550).
Risk Reward: 1:3
Return on Capital
Investment: 3,76,530
Max Loss: 80,300 (21.3%)
Profit on the first target: 2,60,700 (69.24%)
Time: 3-4 months
Cost of Rollover: Just buy the farthest future. Likely cost: INR 3000 - 4000
Fundamental Analysis
Increase in FII shareholding in Dec 2020 as against Sep 2020. Sales are likely to boost once the offices reopen and travel resume.
