#Bataindia cash : Dont miss above 1490.10#Bataindia cash - Dont miss it
24.02.2021
Looks good above 1490.10
stoploss 1475
Tgt 1504-1505/1524
Cmp 1478
BATAINDIA trade ideas
Head and Shoulders in BataBata has clearly formed a Head and Shoulders pattern. It is also present at the major support which also seems to be the neckline of the head and shoulders pattern. Any 1day candle close below 1450 can trigger a sell signal with target of 1350.
Bata India : price at multiple supportprice trading at multiple support area available at low risk and good possible reward . stock can be longed at cmp 1479 with an sl bellow todays low 1440. for the possible target of 1550 or more. NSE:BATAINDIA
Bata India - High Probability of Bullish MovementBata India has taken support from Trend line and currently on strong support zone
Long On Bata IndiaBATA INDIA is at multiple frame support
1. Support at flag bottom
2. Support at 200DMA
3. Support at 50WMA
One can expect long on BATA INDIA with SL 1% of capital for short-term investment and SL at 1400 for long-term investment.
This is only for educational purposes, not an investment suggestion. Do your own research before investing.
Head and Shoulder Pattern in BATAINDIANow it looks exhausted at top by making Head And Shoulder Pattern. 1480-1460 is the Neckline Zone for H&S. Time to be careful for the Shareholders Of BataIndia.
BATAINDIA - Tuesday TradeStock has formed Head and Shoulders on higher Time frames. Sell below 1452 for targets of 1415, 1388, 1300 in swing
For Intraday sell below today's low for 1.5%-2% target
BATAINDIA, DAILY CHARTBataindia
Head and shoulder pattern Breakdown
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Head n shoulder in Bata Head n shoulder in Bata , relative strength showing underperformance against nifty
BATAINDIA : Buy.My wave analysis suggest an UP move has started.. do not miss.
Happy Trading.
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BATA : EMA cross downward12EMA reducing distance with 50EMA, Closing funnel ,
12EMA may likely cross 50EMA downward if prices stay lower during week.
Retest of 20EMA, 50EMA failed on day close basis.
Short entry at confluence of flattened 50EMA and retest of 0.618 Fibo, gives double confirmation.
Price direction on lower side has higher probability.
Bata India from 12 feb 2021Bata india shows good volume ..
recommended buy @CMP (1550) ---> target of 1700s
