BATA INDIAIn last session bata india made a small green candle with high volume, buy above the treand line cross upside and sell if they cross the trend line downside on daily chart...short term to medium target 1380.
BATAINDIA trade ideas
bata India looks good after a fall and now given a buy Bata taken support at 1290 levels looks good for 1346 in short term.
BATAINDIA - Long PositionAs the stock is consolidating in the Parallel Channel, if it breaks the short-term trendline it can again hit it higher line of the Parallel Channel!
[Buddha] BATAINDIA Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
SWING TRADE - BATAINDIATime frame - 1 Hr
As per my analysis stock is currently trading at very good price range that is 1270-1285 which is a strong demand zone for the stock.
You may definitely buy some shares if you are a price action based trader.
I personally like to take the trade at demand and supply zone trades for swings and I prefer to provide swing trades which are trading at good buying zones.
Please comment if you have any doubts about this trade.
Intraday trade in BATABata at important support zone if it fails to break it we can see upward move from here.
Bulish divergence on RSI is another confirmation.
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
BATAINDIA!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
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Possible Breakout in BATA INDIABata can give possible breakout in upcoming days. keep watching for good up move in this Industry leader.
BATA INDIABATA IS AT SUPPORT LEVEL, IF CROSSEES MENTIONED LINE WE CAN ACHIVE TARGETS, WHICH ARE MENTIONED IN CHARTS
Bata India: Poised for a fallBata india broke the channel and has retested it! How do we know it is a retest, well one the channel now is getting rejected and 2. that there is a bearish divergence in the 60 min chart at these prices which suggests a fall!
Bata India Bearish Flag prediction on 17 JunOverall market sentiment are bearish for COVID-19 and recent info-China tension would accelerate the bearish flag pattern with volume confirmation. Let’s see how early trend falls.
BataIndia analysisBataindia breakout at 11:15 am today, if sustain or bounce back from nearest demand zone level 1325 and crossed 1358 level good to buy.
Buying Opportunity in BATAINDIA 12% Target..!!Bataindia is on trendline support chart looks strong. Weekly macd making bulish crossover.
