BATAINDIA trade ideas
#Bataindia cash : looks good above 1602.10#Bataindia cash
08.02.2021
Looks good above 1602.10
Stoploss 1586
Target 1624/1648-1650
Cmp 1592.15
BATAINDIA - Tuesday TradeBata India looks good for tomorrow if sustains above Trendline - Buy above 1598
Inverted head and shoulder developmentThe srock is making an inverted head and shoulder pattern and looks good above 1602 level.
BATAINDIAOn 15min time frame, there is a breakout of inverted head and shoulder pattern in bata. You can go long in bata. The RR ratio is 1:3.5 with a target of 1646 and my stoploss is 1551. Also bata has not reached its pre-covid levels, so one can hold bata for a longer term perspective as well for atleast 1 year.
Bata IndiaBata India
retested weekly breakout level
positive reversal
teste avwap
about to invalidate rounding top
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.
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
