BATAINDIA trade ideas
Bata India - Testing resistanceBata India testing resistance on the daily chart
Bearish Engulfing has formed and there is also a dynamic resistance of 100 DMA.
Short term down trend.
BATA - SHORT SETUPBearish engulfing pattern after a strong rally. This can be good intraday shorting opportunity below 1300
Watchout Bataindia tommorow it can breakout..!!
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
bataindiabroke down below strong support. If sustains below this level, the stock could come down to 1100 levels
Bata India - PositionalThe stock is under consolidation under a long term support turned resistance
Buy if it breaks above 1250
BUY BATAINDIA -- daily chart1.Go long on bataindia .
2.Trendline brake with volume .
3.Triangle pattern breakout .
4.Retracement also happened
5.perfect area to buy .
BATA INDIA BUY ABOVE 1234BATA INDIA BUY ABOVE 1233-1234
TARGET: 1239, 1245, 1251
Condition: If sustain above 1233-1234 on hourly candle only
If trade and sustain above 1250 then 1280 possible; Sell below 1200 for target of 1150
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Bata Looking BullishStock has lost in recent sessions but adhering to the support line and the important levels
The Stock is taking support at 1213 levels and hence need one more positive candle to confirm the uptrend
Buy levels triggered only after closing above today's high
Target of 1343 in couple of sessions
Stop loss would be 1213 levels
SWING TRADE #2 BATA INDIABATAINDIA share bounced back from it's demand zone near 1240 rs., and now crossed above 20 days exponential moving average, one should enter for twing opportunity.
important levels are
entry range : 1280-1290
stop loss : 1250
target : 1400
