Bata India Ltd - Ready for next targetBata India Ltd recently gave a nice bullish breakout at the Fibonacci level of 0.382. If it can remain above it for the next 3 trading sessions, we should expect a jump soon in it.
I believe that the targets should be:
T1- 1585
T2- 1700
Time Horizon - 3-6 months.
Bataanalysis
Bata India at Support - good positional playAnother stock that came on my radar is Bata India.
Currently 42 % from its highs.
It's at the level, from where it has seen a good run in the past and we might likely see that run again in the coming time.
For me, it's not a portfolio stock, however, a position play can be taken, considering the stock trading at a good support level, hence risk reward would be great at this level.
Support zone @ 1369-1231
Intermediate Resistance zone @ 1759 - 1825
Stop Loss below 1200.
Above probability would be void below 1200 levels
Bata India Ltd. (BATAINDIA) Sell StrategyThe chart shows a weekly candlestick pattern for Bata India Ltd. (BATAINDIA) on the NSE, with the current price at INR 1355.95. The chart is exhibiting a downward trend and suggests a bearish outlook based on key technical indicators.
Key Observations:
1. Current Price and Trend:
- The current price is INR 1355.95, with a recent decline of 1.32%.
- The stock has been in a downtrend, as indicated by the descending trendline.
2. Support and Resistance Levels:
- Immediate resistance is around INR 1379.20.
- Support levels are marked at INR 1223.55 and a lower support level at INR 998.30.
3. Descending Trendline:
- The stock has been following a descending trendline from its peak, indicating continued bearish momentum.
- This trendline acts as a resistance level, preventing the stock from moving higher.
4. Trade Strategies:
- Bearish Scenario:
- The stock is currently below the descending trendline, suggesting further downside potential.
- If the price fails to break above the resistance at INR 1379.20, it may continue to decline towards the support levels at INR 1223.55 and potentially down to INR 998.30.
- Sideways Movement:
- The price may experience some consolidation between INR 1379.20 and INR 1223.55 before making a decisive move.
- Traders should watch for a breakout or breakdown from this range to determine the next direction.
Summary:
The weekly chart of Bata India Ltd. shows a clear downtrend, with the stock struggling to break above the descending trendline. Immediate resistance is at INR 1379.20, and the stock is likely to find support at INR 1223.55 and INR 998.30. Traders should be cautious and watch for a breakout above the trendline for any bullish indications, but the current outlook suggests a bearish trend with further downside potential if the price fails to hold above the immediate support levels.
BATA INDIA - Gap UP opening and form NR7 candle with near doji#BATAINDIA is moving down since announced the Q3FY20 results in Feb month. Today created the NR7 candle and performed the breakout of privious NR7.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
Stoch is treading UP
DI+ crossed above DI-
PSAR indicating bullish
New Long
----------------------------------------------------------
Support : 1295 and 1272
Breakdown : 1303
LTP : 1316
Breakout : 1324
Short Target : 1346 and 1360
----------------------------------------------------------
Positive & Negative Point:
1) Neutral in Daily/Weekly/monthly chart
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
BATA INDIA - NR4 candle - breakout and reversal level#BATAINDIA is moving down since announced the Q3FY20 results in Feb month. it is making lower low and stock is underperforming from benchmark and sectrol index as well treading down from all Moving average that also show down trend in stock.
Showing Bearish in Technical Parameter:
CCI in oversold zone
RSI is treading down
MACD is treading down below 0
Stoch in oversold zone
ATR is decreasing since 5 days.
New Short position created
----------------------------------------------------------
Support : 1224 and 1203
Breakdown : 1238 (OR Gap Down Opening)
LTP : 1251.85
Breakout : 1280 (OR Gap UP Opening)
Short Target : 1300
----------------------------------------------------------
Positive & Negative Point:
1) Very Bearish in Daily chart.
2) Very Bearish in Weekly chart
3) Neutral in Monthly Chart
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
NSE:BATAINDIA is sitting on a critical trendlineNSE:BATAINDIA is basically on a trendline that extends from June 2019 highs to today. This is a critical prize zone for BATAINDIA. Any closes below the trendline on a daily basis will signal a Sell/Short and a strong bounce will a candlestick pattern like a bullish engulfing will signal a low risk Buy with the Stop loss being below the swing low.
Basic Attention Token (BAT) Price Prediction 2019-2020The firm Basic Attention Token has been acclaimed since the hour of its dispatch and it likewise accelerates in after 2017. The firm has likewise partnerships with a portion of the worldwide organizations including Amazon, Starbucks, Apple, and Uber. The diagram of the BAT demonstrates that the modification in either bearing relies upon the prominence of the coin all inclusive.
BAT Price Analysis Then and Now –
As of now, the money is exchanging at the estimation of $0.193999 and its worth is diminishing by 8.67%. The market capitalization of the money is $259,716,905 and the 24-hour volume of the cash is $29,706,881. The circling supply of the cash is 1,338,750,672 BAT and the ROI of the money is 15.32%. In the 1-week graph, the crypto BAT is demonstrating the selling signal.
News Source : TheCoinRepublic