BATAINDIA trade ideas
THE END FOR BATA as per Monthly ChartLONG TERM TOP IN PLACE, CLassical Rising Wedge or Ending Diagonal whatever you want to call it
Price below Declining 200 Day MA, also below Anchored VWAP from Feb Top
What More is Needed? I simply Warn you to Not Go Long Bata, Exit if you are already. Potential Disaster Lies ahead for Bata stock
Bata - These Boots Were Meant For WalkingBata - readying itself for its up-move journey. Targets and SL mentioned in the chart.
BATAINDIA is Making Rectangle Channel Pattern (Breakout Trade)Bata India Limited : Shoe Stores Company ( NSE:BATAINDIA ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
BATA LongBuy Bata at CMP or dip. SL 1315 Target 1358. If sustain above 1360 then 1391 and 1422 are key levels! Above 1360 is breakout of consolidation and target comes to around 1405.
BATAINDIAIm not an expert im just sharing my views on BATA IND for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Close above 1400 is good for Long. Price took support from the long time support levels and moves big for the day. One would have entered at the support with small stop loss, if you missed the opportunity you can go long once if price closes strongly above 1400 levels.
BATAIND BUY BATA INDIA :triangular_flag_on_post:
Positional buy view
Both in cash & futures :triangular_flag_on_post:
CMP 1265:pushpin:
BUY AND ACCUMULATE FROM
1250 to 1230 levels .:pushpin:
Keep sL as 1180 close below
TARGETS :pushpin:
1273/1295/1313/1336/1359/1375/1393++
Status :
Made low of 1260 on Friday
Near price trigger zone
Watch out for the price levels .
This is completely Positional advance view :triangular_flag_on_post:
BATAINDIAA move above 1275 , stock can make a move further to 1290/1295
Stop Loss : 1262
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
BATAINDIA is Making Descending Triangle Pattern (Breakout Trade)Bata India Ltd ( NSE:BATAINDIA ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for intraday traders.
Target + Stop Loss: There is no target here. You keep the first target as much as the stoploss you put. And the stoploss will be the low/high of the candle that broke this pattern. Or low/high swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your stoploss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your stoploss above the last swing low/high.
Target and stoploss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, stoploss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
