BATAINDIA trade ideas
BATA | TRENDLINE + INSIDER BAR BO AMAZING TRADE .... sitting on weekly green trendline .... just broken a trendline from above ... been anticipated for the at some months by me.... also 200dema on 1D chart is a lil far away can be treated as tgt1 but if seen that it breaks 200dema on D chart than a further up move can be seen.
Not to forget about the Mother candle made on 30th April created many daughter candles also called inside bars ... its been broken today and came out of the zone ...
Bata India 1h time frameBata India had been moving in a symmetrical triangle and today in spite of the bearish market it has given a good break. Let's see how far does it hold.
Trade wisely...
Keep on radar for weekly close above 1390 for 1450-1500, SL1335 NSE:BATAINDIA , Stock has formed morning star pattern at the bottom of the channel on weekly candle will shot up on close above 1390 of the weekly candle.
Bata IndiaBata India - Cmp 1316
Can long at cmp with 1288 sl on closing basis for initial targets of 1385/1435.
Bata India is commencing a steep rise.....Bata (India) Ltd is going through a longer term correction. It's going through wave (4) primary wave correction. Well, the interesting part is that it appears to have completed wave b of wave (b) in an a-b-c correction, which is underway since last Mar'20 (under Elliott wave model). Interestingly, wave b has just traced 0.618 of the wave a and now just starting to rise up on wave c. Wave c will be a brisk five way upward journey to somewhere in the region of INR 1900 levels, which is where the correction of (a) started..
Once Bata gets to that region, it will side big time in Wave (C) to complete Wave (4), but that's sometime away. Once the present wave c of wave (B) completes, the slide should commence, but that's some weeks or couple months away, so not to worry. Right now, Bata is on an interesting upward journey.
BATA INDIA LIMITEDBATA INDIA on charts looks really good. Let me summarize the reasons in few points just to let you know why it deserves attention.
1. It is currently in its 4th Wave
2. A wolfe Wave has been formed with in its 4th Wave.
3. It has rested at few resistance points of its 3rd Wave. It could be seen as Resistance acting as support.
4. Surprisingly the Resistance acting as support zone and the 0.618 Retracement level of Wave 3rd is the same. Proving it as a strong support zone.
However reversal signs have not been seen yet. A closing above 1435 would confirm its reversal and activation of the wolfe wave as well. Once activated the first target would be 1546. Please avoid the stock till then.
short term pickcan see a beautiful head and shoulder pattern in 30min chart time frame
looks bullish for short term view
stop loss and targets are mentioned in chart
happy trading👏🏻
BataIndia - Triangle breakout on cardsPrice getting rejected from the same level for consecutive number of times and now it is in the process of making triangle pattern which will lead to the resistance break and move further up breaking the resistance.
One can wait for the break and get into the trade.
BUY BATAINDIABataIndia Has Given A Decent Correction . Now Its A Time For Some Retracement Upmove.
The Stock Has Bounced From Our Weekly PRZ Area. Below The PRZ. We Will Short Bata. Till The Time Wait For The Levels To Enter.
Never Enter In FOMO.
Use Alerts For Entry.
All The Levels Are Given In The Chart.
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BATA INDIA LOOKS GOOD FOR SHORT TERMBATA INDIA IS NEAR ITS SUPPORT ZONE...
BUY ZONE 1200-1300
TARGET 1600+
SL 900
BATA INDIA A BIG NECKLINE ON WEEKLY CHART BATA CAN BE THE SHORT TRADE OR A LONG TRADE THIS IS A POSITIONAL TRADE
MAKING EXPANDING PATTERN ON THE WEEKLY CHART
Bata India is at Head and Shoulder pattern on 4 hourly timeframeBata India is at Head and Shoulder pattern, Waiting for breakout ...
If you calculate head & shoulder target then it comes next support level
Keep it on your radar
