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

BATA INDIA LTD.

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BATAINDIA trade ideas

Bataindia BullishBataindia closing 1474.65. with stop loss is 1440 then targets are 1520-1550-1600+. Buying Reason. 1 --> Price is giving breakout then make the #consolidation then ready to breakout. 2 --> Price move from the support. 3 --> ADX is showing the Up move and +DMI rise. 4 --> RSI is showing a Bullish move and crosses the 60 levels. 5 --> Support is also given by 50 EMA. 6 --> Volume is also indicate the up move ready and volume is also good. 7 --> Bollinger Bands are open in Upside.
NSE:BATAINDIALong
by h24r24
Bata India looking good for Buy Bata India Ltd. (BIL) is the largest retailer and leading manufacturer of footwear in India, with 2,000+ retail stores as of December 2022. We downgrade to Accumulate rating (from Buy) and revise our target price to ₹1,620 (from ₹2,155), factoring current weak demand. Revenue grew by 7 per cebt YoY aided by an improvement in the premium mix. Average selling price (ASP) improved by 13 per cent y-o-y to ₹772. Inflationary pressure and an increased GST rate impacted volumes in mass categories, which is likely to improve gradually. Gross margin improved by 210 bps y-o-y to 54.8 per cent y-o-y, while EBITDA margin improved by 290 bps y-o-y to 22.9 per cent abetted by improved ASP and cost optimisation measures. Bata India targets about 500 franchisees by 2024 and has already opened 392 across 330 towns. This, along with store renovation, portfolio casualisation, and distribution expansion will support volumes. Measures to improve the supply chain and asset light retail expansion, will enhance margins. Given its strong brand recall & reach, we believe, the company can revive its revenue growth trajectory. We value BIL at 43x on FY25 EPS.
NSE:BATAINDIA
by STOCKFORECAST07
[Newton] SNR Example Resistance Long CaseNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:BATAINDIALong
by Amit_Ghosh
Bata India Cmp 1405 dated 3-3-2023Bata India Cmp 1405 dated 3-3-2023 1. Taking Support @ Support Line 2. Reversal from support 3. RSI Reversal 4. Volume Rise 5. Inside Candle Buy above 1420 (safe Trader) or risk taker can buy @ Cmp for target 1430-1455-1490-1540 SL 1380 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BATAINDIALong
by SHEETAL_UDESHI