BATAINDIA trade ideas
#bata india Trend analysis for postional tradeBata india trend analyis view target is 1530 with the stoploss of 1342 For positional trade.
BATAINDIA 9TH JUNE BUY ABOVE 1408,BATAINDIA 9TH JUNE BUY ABOVE 1408,
NOTE:WATCH OUT FOR PROPER REVERSAL PRICE ACTION PATTERNS BEFORE ENTERING THE TRADE AT THE PARTICULAR PRICE MENTIONED.
BATATake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
BATA India Mean Reversion Setup
- Self explanatory & Annotated Chart
- Key Levels are Marked
- Enter at BO level @ 1340
- Exit at Target level @ 1445 , approx 7-8% upside
- Time Frame is few Days
- Stop Loss level for Risk as per your choice also mentioned
- High probability setup based on AVWAP Study + Multi Time Frame + Pattern + RSI
- Stock is Bullish on all time frames for a Mean Reversion (am not posting charts of other time frames but have a look for yourself)
Good Luck :)
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Synergistic Pattern: Advance pattern (W+Channel) + EMA 200Levels are mentioned on chart.
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Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Bata- at upper band ...market is trending...this time chances are there to break out if market moves trending the same way..otherwise will go back to lower band of the channel
INTRADAY TRADE IN BATAINTRADAY TRADE IN BATA
SHORT@1383
STOP@1398
TARGET-1@1365
TARGET-2@1355
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
Bata buy side possibility on higher side.On monthly and weekly chart formation of Triangle pattern is created & Wait for this to break out or breakdown will get good results on either side. but more likely to stock move in the upward direction as the stock is above 50 EMA on monthly trend. As we need to catch the trend. There is small correction level currently in the stock. So add the stock list in your watch-list for booming breakout. yes breakdown will give result but less then the breakout.
Bata India : Sell Bata for a Target of 1170 & 1148.5Sell Bata at CMP of 1277 for a Target of 1170 & 1148.5. Sl at 1342.8. Conservative traders can sell below 1245.65.
