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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 is a buy or sell?NSE:BATAINDIA A very good setup spotted in BATA, 1660-1700 seems good zone either for breakdown or breakout. As you can see in charts before pandemic, around January 2020 stock was trading at ATH and 1660-1700 range acted as good support. But after the fall in March 2020, stock tried to break this levels (In Jan 2021 and Jun 2021) but didn't succeed. Finally in Aug it gave breakout and gone past 2250 levels. As we all know previous resistance will now act as support. As we can see on charts it has taken support 3 times after the breakout(i.e. in March, June and November 2022). After that stock broke that level which was acting as support and now it will act as resistance, today it is at resistance level. But is it a buy or sell? If you closely look latest weekly candles are type of Doji. What I'll do in this setup? I will keep this stock in radar and look either sides for profits(buying as well as selling) depending on the performance next week. If breakout, I will wait for confirmation and after retest, will look for buying one. If strong rejection candle here, will look for selling side. Kindly Note: All this are for educational purpose. You should trade as per your own analysis.
NSE:BATAINDIA
by nikhilparyani
2
Analysis of Footwear / Leather StocksSynopsis: The multiple footwear stock was analysed as weekly price movement is quite significant with record volume. Most of the stock bounced from support level and expected return will range from 20-40%. BATA – The price movement in channel, from support level, bullish breakout candle formed with record volume. Price above 20 & 50 ema and 200 ema (Rs 1618) may act as short term resistance. Target 18%, Stop Loss 5% KHADIM – The stock is range bound, from support level, the price recovered with significant volume. Price above 20, 50 and 200 ema. Target 40 %, Stop Loss below 200 ema SREELEATHERS – The price movement is upward channel, from support level, price bounced with good weekly volume. Price above 20, 50 and 200 ema. Target 40 %, Stop Loss 10% SUPERHOUSE LTD – The neckline act as support. Price movement with record volume and stock is above key moving average of 20, 50 and 200. Target 30%, Stop Loss below Rs 250 Note : For Campus Activewear and Mirza International analysis, refer the below link. Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations. Thanks -AJ
NSE:BATAINDIALong
by Indieconomic
4
BATAINDIA - Intraday Trade || 26th May, 2023 #stocks Traded for Intraday Today (26th May, 2023) BATA INDIA (5min TF) Entered LONG at 10:35am ✓ Achieved 0.66% ✓ R:R = 1 : 4 Exited LONG at 1:15pm ✓ The stock opened with a large red wick candle and above yesterday's close ✓ Waited for the marked to settle because it was not breaking the day's high or day's low ✓ It started to make a symmetrical candle so waited for a breakout ✓ On the breakout of the triangle on the topside we entered with SL below the triangle ✓ Target was 1:4 #stocks #intraday #priceaction #followthetrend #intradaytargethit
NSE:BATAINDIA
by TradeRyteStockz
BataIndiaPrice is under falling channel with RSI showing +ve divergence It has also closed above 20dema after 76 session with good volumes and as per VSA analysis, even though volumes were higher candle stick spread is very small and this has appeared in a downtrend. It can be sign of smart accumulation here and breakout above 1450 could trigger good short covering. Daily Bollinger band has also become narrow and has got a potential of band blast on daily tf Keep this setup in radar.
NSE:BATAINDIALong
by aktradelearning