#Bataindia cash : Make or break level is 1390-1400 levels#BATAINDIA CASH
29.03.2021
MAKE OR BREAK LEVEL IS 1390-1400
(Close below 1390-1400.. weakness will be seen
if holds 1390-1400.. it will bounce back
Cmp 1411.95
BATAINDIA trade ideas
BATA INDIA Trading SetupBATA near its previous important levels and also making a bullish hammer candle on the daily.
short bata india forming descending triangle in 1 day chart
sell bata india target of 1465,1437
cmp 1493
stop loss 1529
risk reward ratio 1:2,1:3
Bata at lower channel lineDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Bata trading in corrective channel and about to commence Z wave. If this is corretive wave the will stay in channel otherwise in case of channel break it will be termed as impulse wave.
Support zone 1450-20
Stop loss 1288
Target 1890-1900
Head & Shoulder Pattern formed on DAILY CHGART ACtion to be taken as per the chart … Below 1440 idea is not valid ….
Bata Long IdeaBata is form cross channel pattern , when it cross above 1560, treat it as a BO. Long Trade can initiate after that for mentioned targets in diagram.
Bataindia Resistance levels On weekly chart price is in symmetrical triangle but on lesser time frame chart price reversed upward and moving upward in a ascending channel. there is descending resistance line placed around 1540. If price cross it upwards then prior high's 1600 & 1640 are next resistance . Looking at ascending channel .... price should cross all hurdles in its upward journey.
SELL ACTIVE
Bata India makes head & shoulder on daily chart so we can sell near cmp 1470 sl 1510 trgt 1450/1430 in coming days .
Bull wedge. Bull wedge on hourly chart. 1,2,3,4,5 done. Expect min tgt of 1600 after breakout. Please note that ... there is no H & S on daily chart. It already ends on 11th Feb. It proves failed pattern because today is 25th feb and price is above neckline. so wait for breakout and enjoy.
H&S with a flag pattern indicating a bearish trend in BATAIND.Charts have been analyzed on a dailytime frame.
An H&S Pattern with a flag indicating a strong bearish trend in BATAIND.
Interested ones can go short on the stock below 1435. The target set at 1375 is a fibonacci level.
Happy learning.
bearish diamond top formationAs shown on Bata india weekly chart, bearish diamond top formation is going on. As its name suggests .. it is bearish pattern. But price can again go up to resistance line ( 1600 ) and again move towards resistance line.
BATAINDIA short Idea#Freshview keep it on watchlist
BATAINDIA gave closing below support region. Breaking down 1430 Level can be weakness
