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BATA INDIA LTD.

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BATAINDIA trade ideas

Bata india stock to trade.We have seen the stock of bata india ready to gain momentum as per charts. This stock has trading in the channel zone & will get good results after the proper signal of BO or BD signal received. Now for technical analysis stock is making lower low for past few days. Now today we have seen good buying in the stock . On charts both sides marking has been done. Also stock is ready to cross the 50 EMA level. So as per charts this will likely to break out from the channel zone as upper resit. level is testing again & again. Long entry can be taken above the level of 1288 for the next target price of 1325. but due to volatility if BD then will update you. Also investors can buy this stock from the current level. Fundamentals of the stock is very strong & within next 2 months we can see the level of 1550 in the stock. So add the stock in your watch list to see the price action. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:BATAINDIA
by Tech_stock_trader
Beware of Longs in BataBata is standing at an important support, I see a head with double shoulders. On breaking on 1230, Bata might go way too down. Today's (14th july 2020) candle is a bullish candle and Bata might give one final try to break its previous high of around 1340, which would act as a resistance now. I personally think the chances of a sustained upside are very less. EMA21 has crossed EMA5 fron the top, which is a bearish crossover Do not hurry up in building longs.
NSE:BATAINDIAShort
by saket_parab
# 18 Long Bata India for a Target of 1475 and 1500NSE:BATAINDIA Reason Being: 1. Formation of Triangle pattern and Upper Breakout with Volume Confirmation The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend. 2. Every Price Action Pattern after breakout provides some Target Range and according to Triangle: Target Price: 1475 and 1500 View Negated Below: 1290 #Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose. if you liked please don't forget to follow me.
NSE:BATAINDIALong
by p18amanr