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BATA INDIA LTD.

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BATAINDIA trade ideas

My prediction on Bata India has turned out to be a big gainer...On Apr 28th, I had posted on these columns to go long on Bata explaining my rationale in detail. Bata is going through a major correction since Mar'20 and has since been on what you call as a bear market rally until Jan'21. Since then, the prices touched a low of INR 1264 in Apr'21 when I posted this recommendation on trading view to go long. The retracement that ended in Jan'21 is only the first leg and another of the retracement remains to be completed. The decline from Jan'21 through Apr'21 had a completed a Fibonacci 0.618 correction of the bear market rally from Mar'20 until Jan'21. Now, that presented us with the remaining last leg of bear market rally from the Apr'21 lows, which should rise in waves with a potential target of INR 1900 levels. My prediction has so far turned out to be true. Since I had posted, Bata has bounced back from a bottom of INR 1261 levels towards Apr second half to INR 1550 levels, a steep incline in matter of weeks. Look for any pullbacks to build up a long position.
NSE:BATAINDIALong
by Yadunath
[HP] Bata India Short IdeaFailure of Breakout. 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. ======= 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. ======= 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. ======= 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. =======
NSE:BATAINDIAShort
by Amit_Ghosh
[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. ======= 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. ======= 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. ======= 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. =======
NSE:BATAINDIALong
by Amit_Ghosh
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