BATA Bouncing Back To its ATHAfter Good Correction BATA is Bouncing Back
Stock is above 200 Day MA
Above support of 1400
Bearish Trend line Broken
Target 1650 - 1800
Time 1-2 Months
BATAINDIA trade ideas
Bata - support at 44 SMA, shortBata
CMP: 1386
SL: 1424
Target 1: 1289; risk to reward : 1 : 2.5
Target 2: 1227; risk to reward : 1 : 4.2
BATAINDIA gaining momentum uptrend!!!!BATAINDIA looks like completing its consolidation phase... one may start accumulating... you may see level approx. 1800 within year.....
Buy! Buy! Buy! BataIndia 1450-1465 TGT: 1535 SL 1367Buy 1450-1465
Target 1: 1535
Target 2: 1652
SL: 1367.20
The daily chart has a channel breakout supported by MA bullish crossover and DI+ crossover with a strong ADX reversal. The Upward potential could be upto 1652.
Please note the company also has upcoming earning announcement on May 31st. Follow strict SL.
Bata back on trend support !Bata India is back on its trend support since Mar 2020 with good volumes.
Go long Bata India Limited is engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network, and development of real estate.
[Positional] Bata Swing BetI am not keeping strict stop loss. I will hedge and will update here if it breaks.
But only do this setup if the setup triggers. !!
Put Spread is Long view
All things are written in chart.
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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Bata Breakout Above 1430Buy Bata India between 1410-1430
SL 1385 (Near Previous week closing)
Target 1500
BATA INDIA-BREAKOUTBUY WHEN 15 MIN CANDLE CLOSES ABOVE 1391 WITH STRONG VOLUME. SHORT-TERM TARGETS OF 1420-1430. MAINTAIN STRICT STOPLOSS.
Bata indiaBata india making descending traingle pattern on weekly timeframe . If trendline break then we can see good upside movement
VSABO#BataIndia given a #VSABreakOut on daily time frame with RSIStairs giving a buy signal. Stock trying to break out above a long term downward channel. Can surprise on upside. Good to add in cash and add more if stock corrects towards 1265 for a positional medium to long term target of 1556/1645.
LONG IN BATAINDIA FOR MONDAY INTRADAY BUY AT CMP TARGET WILL BE 1411 AND SL WILL BE 1340... FLAG UPSIDE BREAKOUT
NOTE: DO PROPER RISK MANAGEMENT BEFORE TAKE THE TRADE
BATAINDIA: Excellent Breakout (Targets and SL Mentioned)Breakaout from long-term trend line as well as rectangle pattern. A huge upside possible.
SL: 1339
Target 1: 1440
Target 2: 1489
