BATA INDIA - Triangle Breakout & Retest with Good Volume BATA INDIA - Triangle Breakout & Retest with Good Volume.
BATAINDIA.T0 trade ideas
BATA Getting Ready for a Massive CRASH!Ever since the Rally off the March lows, Bata as a stock has been struggling and massively underperforming Nifty. Clearly something is wrong here that means, possibly a Long Term Top in place and a BIG TREND CHANGE..... as its looking Quite Bearish on the Weekly & Monthly Charts too.
Now coming to my Short Term Bearish view as per Daily Charts:
- You can see a Clear RSI Bearish Divergence
- MACD crossover sell signal alreafy generated, MACD too is showing a bearish divergence
- Price is below Key Anchored VWAP levels
- Head & Shoulder reversal pattern forming, Lower Highs and Lower Lows
- Target headed to 1150 levels by October expiry
- DO NOT GET BULL Trapped in this Stock, its extremely weak (ON THE VERGE OF BREAKING A KEY MONTHLY TREND LINE TOO!)
Stay Safe and avoid Longs in Bata if you don't want to Short :)
Strong close above 1390 is good for LongPrice trying to break 1390 levels from April 2020. On the month of June it breaks this range but unable to sustain and falls below once again, from then it is unable to break this level. Now price trading close to this levels for the past 2 months and it looks bullish, one can expect price to break this levels this month itself.
INTRADAY LEVELS for thursday 22/10/2020ALL LEVELS ARE MENTIONED ON THE CHART. Watch my other charts to understand the simple price action used for all of the analyses. Never risk more than 3% of your capital on any trade
BataIndia CYPHER pattern formationBataIndia CYPHER pattern formation.
sold at = 1411.40
target = 1363.20
SL=1465
Educational - pullback to CPR in an uptrend a buying opportunitystock was in uptrend in smaller time frame. According to CPR concepts, any pullback to cpr with low volumes and bullish price action in an uptrend is a potential buying opportunity.
Weekly levels (19 to 23 october 2020) - BATAINDIAlong - ascending triangle formation on smaller timeframes
INTRADAY LEVELS Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Ascending triangle, Watch for breakoutThe BATAINDIA is forming triangle patterns watch for breakout.
BATA INDIABATA INDIA retesting breakout point. 1345-1338 very crucial levels that it tested multiple times before giving breakout few sessions back.
Huge consolidation has happened in this counter. Watch out!
Option trading Opportunity Many have asked me about Options trading using Wave Analysis , they asked weather they can trade Options buy or sell ,
Yes of course they can do that , they can sell Options and they can buy options , but need a patience and Proper Understanding how the price moves
Options trading using wave theory requires clear attention on smallest time frame and Opportunity are used with proper risk to reward method
Here i have made small efforts in Explaining what i am looking and how i am looking to trade Options in case i decide to take the trade
Good luck
#BATAINDIA CASH : LOOKS GOOD ABOVE 1350.10#BATAINDIA CASH
04.10.2020
LOOKS GOOD ABOVE 1350.10
STOPLOSS 1340
TARGET 1359-1360/1369-1370
CMP 1342.35
