BATAINDIA LONG-1506.2 TO TARGET-1741, RISK=1.07% : REWARD=15.60%CONFLUENCES:
1. ACCORDING TO THE NEW HH MADE.
2. PRICE CREATED NEW LL.
3. WHILE CREATING NEW LL PRICE REJECTED FROM EXPECTED AREA.
4. NOW PRICE CHANGED ITS TREND.
BATAINDIA trade ideas
At crusial levelStock is at very crusial level which was well respected earlier as well, look for proce-action in this area.
Stock might head higher towards 1560+ levels NSE:BATAINDIA
Above 1530 the stock can head higher towards 1545/1560/1580 levels as long as 1508 levels is not breached.
All ideas shared are for educational purpose only.
Bata H&S strcuture with necklineNeckline is breached.
Retesting is in process. Wait for signal for downward confirmation and then place your bets wisely.
Stay awake and Stay cautious.
Note: Views only for educational purpose. Consult your financial advisor for any trade.
Bata-Bearish Butterfly -Buy & SellPlan A - Buy (Only Above 1585)
Strictly Buying only above 1585 - Target Upside - 1650 / 1680 / 1700+
Plan B - Sell Later ( If stops in 1710-1725 zone) -
Assumption a bearish butterfly harmonic pattern can come into play at the tops once it moves upside
BATA LOOKS GOODBATA on the verge of a breakout
Best entry intraday 1577-1583.
TGT may be 1629/1653/1680
Intra day tgt 1617
SL 1565 intraday
SL 1549 on clbs
Disclaimer: Ideas for learning Only.
Buy Bata IndiaBuy Bata at Cmp (1615 to 1625) Stoploss of 1560 Target 1760
Its a 4 Hour timeframe so it may take a time to move...it will be medium Term Bet.
Good Risk to reward Trade.
Study: Stock is Trading Near Support Area. Previously Strong Breakout Given from 1610 level with Big Volume..and now Stock is Consolidating in Traingle Shape or Pennant Pattern. +
Stock is consolidating with very low volume ...it may be a bullish sign as per my analysis...+
Noticable thing is whenever green candle is formed, volume is rising and in red candle, volume is decreasing...
BATAafter a up move stock in consolidating
a decisive move above 1650 might take the stock towards 1675/1690
BataIndia Symmetric Triangle PossibilityBataIndia:
Looks Promising
Symmetric triangle and Descending triangle Breakout possibility
Long above 1665 with a SL 1658
#Bataindia cash : Looks good above 1640.10#Bataindia cash
12.01.2021
Looks good above 1640.10
stoploss 1625
Tgt 1658-1660/1680/1700
Risk free above 1655 for 1680/1700
Cmp 1624.25
Short BataIf sustains below 1610 for the targets of 1575 and 1560 until 1635 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bata India - Buy Alert !!!Side Ways Range Accumulation Done
Break Out With High Volume Done
Pull Back with Low Volume Done
Ready to go north...
BATAINDIA - Trendline ObservationsTrendline Observation(s). A trendline & a rectangle breakout/breakdown on 45M Chart of BATAINDIA. BUY 1618 -> 1645, SELL 1570-1565. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Buy Bata IndiaBuy Bata India CMP 1591 Stoploss 1555 Target 1630
Study: Stock is trading near Pennant pattern retesting area...
BataBuy bata above 1620 trgt 1689 , 1765 , 1803 in 2 -3 months
wait for weekly strong candle
Stop loss 1515
