Bata India Flag patternBata India chart Formed Flag pattern after the wedge breakout.Wait for the breakout of flag's SnR.
BATAINDIA trade ideas
Bata Long Term - Bullish - Elliot Wave CountHi Friends,
Bata has retraced 0.78% of previous impulse. It is setting up nicely with favourable risk reward ratio. There has been nice accumulation in volumes/delivery. Seems to be breaking out of correction. Strong tailwinds in consumer durables might propel it to larger 3 wave.
Targets are marked in the chart on the basis of fib projections.
MNC stock available at a heavy discount Bata India CMP 1346
Elliott- Fib confluence at 1286 is telling me the zig zag corrective pattern on the monthly charts is done.
MA- support also at the zone.
Candlestick- Doji at the support zone.
Fib confluence on the hrly charts is telling me the stock is ready to move up.
At CMP of 1346 the stock is down 38% from the highs and hence is a very good buy in my eyes.
16% correction in BataIndia?Looks like there are chances for Bata India to correct 16% from here i.e to test 1278 level this year as per fib level, lets keep an eye on this stock
bataindia falling wedge breakout donebataindia falling wedge breakout done
can look for tp of 1447-1451
BATAINDIA printing early signs of a reversal from the downtrend.BATAINDIA early signs of trend change to the upside (pl. check notes on chart). The fundamentals are not all that great as EPS growth has been negative over the last 4 quarters. So, purely a technical reading.
No recommendation; only personal analysis.
Falling Wedge pattern breakout in BATAINDIABATA INDIA LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1445+.
✅Can Go Long in this Stock by placing a stop loss below 1315-.
BATAINDIA - Trend Reversal - Inverted HeadnShoulderBATAINDIA is giving Inverted Head and Shoulder pattern breakout from 1400 resistance levels. This looks like a trend reversal for the stock which has been underperforming since few months now.
SL: Daily close below 1370
Target: Previous high or ATH in coming weeks / months.
Stage 1 Uptrend!!🟢2D chart indicate capitulation & volume explosion near 1375.
🟢It taken support near 1300 & about to enter stage 1 uptrend.
🟢It has given buy signal near 1355 on VSA Momentum indicator.
🟢Add on declines toward 1300.SL= 1240 on daily closing basis.
Best swing trade idea on BATA INDIABATA INDIA has fallen 40% from highs !!
Stock has always given correction around 40 to 45% in past
Right now 40% correction is done and if stock fallen more 5% from hereon then support is coming around 1220-1260 levels.
Stock has broken its medium term support which was working from 2019
But stock is also making falling channel and it is working properly.
So if anyone is interested in a stock for a long term then should not of 5-6% correction from here and should start accumulating from these levels.
Also this is best swing trade idea for 30-40% upside from current levels.
Thank You !!
Bata IndiaBata India looks bullish from this level as this steup is showing. this can be a good time to enter the trade .
Parallel Channel pattern breakout in BATAINDIABATA INDIA LTD
Key highlights: 💡⚡
✅On 30 MIN Time Frame Stock Showing Breakout of Parallel Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1335+.
✅Can Go Long in this Stock by placing a stop loss below 1308-.
Correction still not overBata CMP 1320
The stock has been in a prolonged down trend. In my view it should bottom around the 1175 zone where it will find Fib support as well as channel support.
BATAINDIA Breakout of Darvas boxNSE:BATAINDIA 1W TIME FRAME
1. Trading at a support line at ₹1358.00. The stock is experiencing accumulating buying interest and is expected to bounce back up. The stock price is currently resting on this support level.
2. Darvas Box: A rectangle on the chart created by drawing horizontal lines at the highs and lows of a trading range. The idea is that the stock price will eventually break out of the box in either direction.
3. In May 2021, the stock initiated an upward move from 1350 to 2000, then retraced back to support. Starting from where the last journey began in March 2023, the stock once again saw an upward trajectory. It later retraced back to support. Now, mirroring previous patterns, it's establishing a base. In April 2024, sellers attempted to push the price down, but they were unsuccessful. This failure indicates high accumulation or buying interest, suggesting a potential upswing. If the stock consolidates near resistance and forms a base, we may anticipate further upward movement.
It is important to conduct your own research before investing in any stock.
Few Examples of Darvas Box For better understanding
Darvas Box Bigger the bigger the potential of upswing
Ex 1 .
Ex 2 .
Ex 3 .
These are examples for better understanding about the Darwas box.
SWING TRADE IDEA - BATA INDIASymbol - BATAINDIA
BATAINDIA is currently trading at 1340
1280 - 1350 is a good support area for BATAINDIA.
I'm seeing a trading opportunity on buy side.
Buying BATAINDIA Futures at CMP 1340
I will be adding more if 1300 comes & hold with 1280 SL.
Targets I'm expecting are 1435 - 1525 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BATAINDIAENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Bata IndiaPrice is at trend line support now. Sustaining above 1340 will make the price to move up further. Bearish below the trend line.
Buy above 1345 with the stop loss of 1335 for the targets 1356, 1368 and 1384.
Sell below 1332 with the stop loss of 1342 for the targets 1322, 1310, 1302 and 1288.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
BATAINDIA - Weekly AnalysisIn the Weekly Chart of BATAINDIA ,
we can see that, after the breakdown of Trendline, much of selling has not happened.
We might a bull momentum from here.
Expected momentum is shown in chart.
BATAINDIA - Weekly AnalysisIn the Weekly Chart of BATAINDIA ,
we can see that, it is at decision making point.
Also, Pinbar is created.
Enter on breaking of Pinbar high with Low as SL.
Bata India ( weekly)Date 16.03.2024
Bata India (weekly)
Good risk reward for longs
Taking support of long neckline of descending triangle
Again make or break area
Bata India head and shoulder- this stock is trading below this year pivot S1
- pattern saying head and shoulder so wait for some correction
- also, at present the market is moving downside
- Broken weekly pivot S1
- Broken the trend line lower side
- 2022 pivot s1 1339 is the next support
- 2020 pivot s1 1285 is the next support
- 2021 pivot s1 1090 is the final support
please find this link for hdfc bank analysis
This analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
[ POSITIONAL ] BATAINDIA LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
