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BATA INDIA LTD

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BATAINDIA trade ideas

BATAINDIA (MAYBE DOUBLE BOTTOM)A double bottom is a bullish reversal pattern that typically forms after a downtrend. It resembles the letter “W” and indicates that the stock price has hit a support level twice before moving higher. Here’s a breakdown of the pattern: First Bottom: The price falls to a new low and then rebounds. Second Bottom: After the rebound, the price falls again to approximately the same level as the first bottom, creating a support level. Neckline: The highest point between the two bottoms is called the neckline. When the price breaks above this level, it confirms the pattern. Key Points to Note: Volume: Volume often decreases during the formation of the pattern and increases when the price breaks above the neckline. Confirmation: The pattern is confirmed when the price closes above the neckline. Target Price: The expected price target after the breakout is typically the distance from the bottoms to the neckline, added to the breakout point.
NSE:BATAINDIALong
by Faizgazi
Bata India Date 12.09.2024 Bata India Timeframe : Weekly Chart Operating profit margin: - Incase of footwear exporters, the share of EBITDA constitutes not only operating income and also the share of government exporter incentives. OPM for Bata India is 22.78 % which is strong which allows the investors to look into the overall return on capital. Debtor days: - The receivable days are fairly high in the case of footwear companies. The footwear exporters should always take care of the time taken by the buyers to complete their operating cycle. Bata India has a debtor day of 8.53 which is significantly a good sign towards the cash conversion cycle. Capital structure (or) Debt to Equity: - The footwear sector is consistently increasing capacity, expanding retail presence and setting up new manufacturing facilities over the years. So it is important to check whether the leverage is highly dependent on debt or equity. Bata India has a D/E ratio of 0 which is comfortably placed as compared to its peers. Interest coverage ratio: - It measures the company’s ability to handle its outstanding debt, a higher ratio is always desirable. Bata India has an ICR of 3.77 which is unattractive to investors when compared with the company's growth. Regards, Ankur
NSE:BATAINDIA
by AnkurSingh
BATA - Creating reversal structure - Is reversal Possible?Price Analysis & Overview: 1. Need volumes. 2. Strong candle is expected. 3. Price structure formation is favouring a bullish trend. 4. RRR looks attractive. 5. Halting near important fibonacci support. 6. Expecting to form a higher high from CMP. 7. Trade can be planned accordingly. 3D TF: - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:BATAINDIALong
by SuperNova396
Bata - Long SetupIt is clear from the chart that the price is at the long-time support level of around 1550. if bounces back from this level, may go into a bullish phase. That may carry the price to 1720/1770 and even more. Long time target seems around 2100. This setup fails if the price trades below 1515 for a couple of days. Unless it comes above 1550 again. This point in time is good for this buy setup in terms of risk-reward ratio. This illustration is only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:BATAINDIALong
by anandlive