BATAINDIA - Expected to Move beyond 1750 during Aug time frame, but continuously taking resistance from Weekly Gann trend line in past 22 weeks.
Currently trading above most of the moving averages on D/W/M time frames and taking support from 1650 levels.
If aggressive, We can take an entry above 1675 and if sustains above the trendline, we can add more.
Net...
In the Weekly Chart of BATAINDIA ,
we can see that, it has respected the Trendline multiple times and it is spending time near Trendline.
Let's see if it makes or breaks.
Expected momentum is shown in chart.
BATA INDIA has shown downtrend recently but now it ended and impulse wave is going to start in monthly chart. so, according to my analysis it will go up and give around 500points profit and also the stoploss is nearly 65 points so its never too late to take this stock.
1. Resistance at 1633.3 (high of 23rd November 2023.
2. Support at 1612.95 (high of 17th November 2023.
3. Above 200 SMA on Daily Chart.
4. Above 200 and 100 SMA in hourly chart as well.
5. 1617.2 is the 38.2% Level. (Means bullish in short as well long run).
6. Trading above monthly support.
7. Conclusion: Buy above 1617.2 only for an immediately target...
Provided are the swing levels for Bata India. Buy only with the application of supplementary indicators like William's R% and moving averages. Wait for atleast an hour after opening of market.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your...
The stock bounced back from it Fibonacci retracement of more than 0.618 of 1370.45 as of 20th March 2023, from its all time high of 2182.75 reached on 16th Nov 2021, falling more than 37% from it all time high.
The stock had bounced to 1771.45 on 8th Aug 2023 and back to a low of 1530 on 9th Nov 2023.
Since then the stock has broken out of its downward trend line...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Channel
📌 Symbol/Asset: BATAINDIA
🔍 Description: Stock is in a falling channel after an uptrend, which is a bullish sign. We might see again upside momentum after breakout !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece...
BATAINDIA- Bullish harmonic- daily
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Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
I am not responsible for your loss or gain.
Inspired by - Trading Mirror telugu
📊 Details
Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations...
A Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of BSE:BATA1!
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly...
WAIT FOR THE LEVEL 1770 TO BREAK.
Harmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit...
Bata india has now regained its 1600 level, hovering at around the falling trendline. It might breakout after a consolidation, also festival and wedding season is coming.
BUY ON DIPS IN BATA INDIA.
1550-1650 is very strong support for bata india. Make positions around this range or buy at current market price.
Stop loss at 1530
Targets at 1850, 2000, 2150,...
It has developed signs of Bearishness, with head and shoulder pattern invoke. 18th of September will be a deciding day. Wait for first three hours of trading i.e. 12.05 at least. Adhere to the levels mentioned on the chart.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. For educational purposes only.
BATA INDIA LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Triangle Pattern.
📊 It can give movement upto the Reversal target of Above 1730+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 1875+.
📊 Can Go Long in this stock by placing stop loss...
Bata India Chart. On Elliot basis,There are two possibilities from here in the stock. Elliot counts for both views are plotted on chart. Primary view is marked in black and secondary in yellow.
