Ascending Triangle PatternThe stock is forming an ascending triangle pattern and looks good above 1367 level
BATAINDIA trade ideas
Bata India - Multiple rejections at 200 EMAThere are multiple rejections for Bata India at 200 EMA, once this resistance is broken it will be good for long side.
2021 BATA India going to kick startI might be wrong ....just a beginner trying to learn technical analysis.
bata is trading sideways for a long time.
volume profile is accumulating,
fundamentals of the company..ever common man I'm sure uses bata products
BUY to be on the safe side wait for the break out of 1490 to1500.
SL 1280
this bull rally going to be huge expecting at list expecting at least 65% returns.
I might be wrong .so play with a proper stop loss and risk management.
plz let me know if I'm missing something in the comments ... as I told I'm just learning from youtube
bata india trade buy on every dips buy bata india on every dips 1320-1330 for huge break out. it might give break out soon. it is forming symmetrical triangle.
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BATAINDIANote:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
#Bataindia cash : looks good above 1352.10 and weak below 1330.1#BATAINDIA CASH
12.11.2020
LOOKS GOOD ABOVE 1352.10
STOPLOSS 1340
TARGET 1364-65/1378-80
WEAK BELOW 1330.10
STOPLOSS 1340
TARGET 1322/1312/1302
CMP 1340
Downtrend breakout in Bata India For Target of 1390+Possible Trade:
Buy BATA INDIA Above 1317
SL 1300
Target 1347 1365 1390+
#Bataindia cash : looks good above 1332.10#BATAINDIA CASH
27.10.2020
LOOKS GOOD ABOVE 1332.10
STOPLOSS 1320
TGT 1344-1345/1360
CMP 1325.75
BATA INDIA - Triangle Breakout & Retest with Good Volume BATA INDIA - Triangle Breakout & Retest with Good Volume.
BATA Getting Ready for a Massive CRASH!Ever since the Rally off the March lows, Bata as a stock has been struggling and massively underperforming Nifty. Clearly something is wrong here that means, possibly a Long Term Top in place and a BIG TREND CHANGE..... as its looking Quite Bearish on the Weekly & Monthly Charts too.
Now coming to my Short Term Bearish view as per Daily Charts:
- You can see a Clear RSI Bearish Divergence
- MACD crossover sell signal alreafy generated, MACD too is showing a bearish divergence
- Price is below Key Anchored VWAP levels
- Head & Shoulder reversal pattern forming, Lower Highs and Lower Lows
- Target headed to 1150 levels by October expiry
- DO NOT GET BULL Trapped in this Stock, its extremely weak (ON THE VERGE OF BREAKING A KEY MONTHLY TREND LINE TOO!)
Stay Safe and avoid Longs in Bata if you don't want to Short :)
Strong close above 1390 is good for LongPrice trying to break 1390 levels from April 2020. On the month of June it breaks this range but unable to sustain and falls below once again, from then it is unable to break this level. Now price trading close to this levels for the past 2 months and it looks bullish, one can expect price to break this levels this month itself.
