BATAINDIA trade ideas
Bata Breakout Above 1430Buy Bata India between 1410-1430
SL 1385 (Near Previous week closing)
Target 1500
BATA INDIA-BREAKOUTBUY WHEN 15 MIN CANDLE CLOSES ABOVE 1391 WITH STRONG VOLUME. SHORT-TERM TARGETS OF 1420-1430. MAINTAIN STRICT STOPLOSS.
Bata indiaBata india making descending traingle pattern on weekly timeframe . If trendline break then we can see good upside movement
VSABO#BataIndia given a #VSABreakOut on daily time frame with RSIStairs giving a buy signal. Stock trying to break out above a long term downward channel. Can surprise on upside. Good to add in cash and add more if stock corrects towards 1265 for a positional medium to long term target of 1556/1645.
LONG IN BATAINDIA FOR MONDAY INTRADAY BUY AT CMP TARGET WILL BE 1411 AND SL WILL BE 1340... FLAG UPSIDE BREAKOUT
NOTE: DO PROPER RISK MANAGEMENT BEFORE TAKE THE TRADE
BATAINDIA: Excellent Breakout (Targets and SL Mentioned)Breakaout from long-term trend line as well as rectangle pattern. A huge upside possible.
SL: 1339
Target 1: 1440
Target 2: 1489
BATA INDIA BreakoutAfter a long regression trend, BATA INDIA has been trading on the breakout zone between 137-1380. The stock shows a breakout at 50 MA above 1409. The upward targets for BATA INDIA are 1455, 1498, 1540. A downward movement can have immediate strong support at 1368. Monday's movement will be an important one. Trade carefully for first 15min to give you a confirmed move.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
BataIndia ONE HOUR Trend Line Breakout Afte Long TimeBataIndia ONE HOUR Trend Line Breakout Afte Long Time .
JUST FOR EDUCATION PURPOSES , TAKE TRADE AFTER CONSULTING YOUR FINANCE CONSULTANT.
BATA | TRENDLINE + INSIDER BAR BO AMAZING TRADE .... sitting on weekly green trendline .... just broken a trendline from above ... been anticipated for the at some months by me.... also 200dema on 1D chart is a lil far away can be treated as tgt1 but if seen that it breaks 200dema on D chart than a further up move can be seen.
Not to forget about the Mother candle made on 30th April created many daughter candles also called inside bars ... its been broken today and came out of the zone ...
Bata India 1h time frameBata India had been moving in a symmetrical triangle and today in spite of the bearish market it has given a good break. Let's see how far does it hold.
Trade wisely...
Keep on radar for weekly close above 1390 for 1450-1500, SL1335 NSE:BATAINDIA , Stock has formed morning star pattern at the bottom of the channel on weekly candle will shot up on close above 1390 of the weekly candle.
Bata IndiaBata India - Cmp 1316
Can long at cmp with 1288 sl on closing basis for initial targets of 1385/1435.
Bata India is commencing a steep rise.....Bata (India) Ltd is going through a longer term correction. It's going through wave (4) primary wave correction. Well, the interesting part is that it appears to have completed wave b of wave (b) in an a-b-c correction, which is underway since last Mar'20 (under Elliott wave model). Interestingly, wave b has just traced 0.618 of the wave a and now just starting to rise up on wave c. Wave c will be a brisk five way upward journey to somewhere in the region of INR 1900 levels, which is where the correction of (a) started..
Once Bata gets to that region, it will side big time in Wave (C) to complete Wave (4), but that's sometime away. Once the present wave c of wave (B) completes, the slide should commence, but that's some weeks or couple months away, so not to worry. Right now, Bata is on an interesting upward journey.
BATA INDIA LIMITEDBATA INDIA on charts looks really good. Let me summarize the reasons in few points just to let you know why it deserves attention.
1. It is currently in its 4th Wave
2. A wolfe Wave has been formed with in its 4th Wave.
3. It has rested at few resistance points of its 3rd Wave. It could be seen as Resistance acting as support.
4. Surprisingly the Resistance acting as support zone and the 0.618 Retracement level of Wave 3rd is the same. Proving it as a strong support zone.
However reversal signs have not been seen yet. A closing above 1435 would confirm its reversal and activation of the wolfe wave as well. Once activated the first target would be 1546. Please avoid the stock till then.
