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BATA INDIA LTD.BATA INDIA LTD.BATA INDIA LTD.

BATA INDIA LTD.

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BATAINDIA trade ideas

Bata India 1. Resistance at 1633.3 (high of 23rd November 2023. 2. Support at 1612.95 (high of 17th November 2023. 3. Above 200 SMA on Daily Chart. 4. Above 200 and 100 SMA in hourly chart as well. 5. 1617.2 is the 38.2% Level. (Means bullish in short as well long run). 6. Trading above monthly support. 7. Conclusion: Buy above 1617.2 only for an immediately target of 1638.2. SL 1593. Crucial Time is 11-30-23 11:06 AM for Indian Stock Market today. Buy only above high of this candle. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you.
NSE:BATAINDIA
by rekhi567
BATAINDIA: Buy for Long TermThe stock bounced back from it Fibonacci retracement of more than 0.618 of 1370.45 as of 20th March 2023, from its all time high of 2182.75 reached on 16th Nov 2021, falling more than 37% from it all time high. The stock had bounced to 1771.45 on 8th Aug 2023 and back to a low of 1530 on 9th Nov 2023. Since then the stock has broken out of its downward trend line on the daily chart on 15th Nov 2023 with more volumes than the previous day and is now trading at 1603.06 as on 16th Nov 2023. INFERENCE: The Stock can be bought at these levels and accumulated if it drops further with a STOP LOSS around 1550 levels. The stock looks good for a decent capital appreciation in the long run. TARGET: We can expect a medium term (4 to 6Months) target of around 1900/- The stock should show strength once it crosses the weekly downward trend line. The company has been paying dividends regularly but the yield is less than 1%
NSE:BATAINDIALong
by ajayharidas
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Falling Channel 📌 Symbol/Asset: BATAINDIA 🔍 Description: Stock is in a falling channel after an uptrend, which is a bullish sign. We might see again upside momentum after breakout !! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:BATAINDIALong
by FiveCircles
BATAINDIA | Swing Trade📊 Details Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:BATAINDIALong
by Munish_Jain
LONGSETUP BATA INDIAA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of BSE:BATA1! Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Flag and Pole Technical Indicator :- Positive MACD Crossover
NSE:BATAINDIALong
by raigvivek
2
BATA INDIAWAIT FOR THE LEVEL 1770 TO BREAK. Harmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic quality. Here's a short note on trend analysis based on harmonic patterns: Pattern Recognition: Harmonic pattern analysis involves identifying specific price patterns on a price chart. The most common harmonic patterns include the Butterfly, Gartley, Bat, and Crab patterns. These patterns are characterized by a series of Fibonacci retracement and extension levels, which help traders determine potential reversal points. Fibonacci Relationships: Harmonic patterns rely heavily on Fibonacci ratios, such as 0.618, 0.786, 1.618, and others. These ratios are used to validate the existence of a harmonic pattern. When the price levels align with these ratios, it suggests that a harmonic pattern might be forming. Trading Signals: Traders use harmonic patterns to generate trading signals. A completed harmonic pattern can indicate potential trend reversals or trend continuation points. For example, a Bullish Gartley pattern might signal a potential bullish reversal, while a Bearish Butterfly pattern might suggest a bearish reversal. Risk Management: Risk management is essential when trading based on harmonic patterns. Traders often place stop-loss orders to limit potential losses if the pattern fails to play out as expected. Additionally, they calculate risk-reward ratios to assess the profitability of the trade. Time Frames: Harmonic patterns can be applied to various time frames, from intraday trading to longer-term investing. The choice of time frame depends on a trader's objectives and trading strategy. Subjectivity: One challenge with harmonic pattern analysis is its subjectivity. Different traders may interpret the same chart differently, leading to variations in trading decisions. Therefore, it's important to combine harmonic pattern analysis with other technical and fundamental analysis tools. Backtesting: Before implementing harmonic pattern analysis in live trading, it's advisable to backtest the strategy on historical data to assess its effectiveness and suitability for your trading style. In conclusion, harmonic pattern analysis is a technique that traders use to identify potential trend reversals or continuations based on specific geometric patterns and Fibonacci ratios. While it can be a valuable tool in a trader's toolkit, it should be used in conjunction with other forms of analysis and with careful risk management to make informed trading decisions.
NSE:BATAINDIALong
by imkunal7