BATAINDIA trade ideas
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.
For NIFTY And BANKNIFTY Calls
Join Our Premium Group
Contact- 9304408492
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
BATA INDIA POSITIONAL BUYCMP 1266
BUY IN RANGE 1256 TO 1266
SL 1210 ON CLOSING BASIS
TARGETS
1313/1392/1448/1510+
POSITIONAL BUY FOR GOOD 10% TO 20% TARGETS IN SHORT & MEDIUM TERM
BATA | Looks good for 30% + beware of COVID fallCMP - 1323
SL - 1200-1207
TGT - 1686, 1900
The stock is at a crucial level at support.
It is taking support from long term trendline and 200EMA on weekly
Area of confluence - Support + 200EMA + trendline
Low risk reward, just beware of 2nd wave covid related fall
Bata ind coming near good demand zoneBuy Bata India near 1170-1220 levels as medium term positional bet for 1450-1500 levels. On weekly basis Bata India getting support as we draw trend line on weekly charts. Invalid below 1150 on weekly closing basis
