KEEP BATA INDIA ON RADAR...NSE:BATAINDIA trade at 1460 level. Stock in a triangle range since last 5 years. You can watch for short to mid term swing trade...
BATAINDIA
BATAINDIAHi guys,
In this chart i Found a Demand Zone in BATAINDIA CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
BATAINDIA swing long idea The fundamentals and market share of the company are good.
Recently NSE:BATAINDIA has been mentioned in various newsletters and news channels, which indicates possibly a big player is going to have a block sell soon.
After the recent rally and follow-up retracements, if the share does not fall below 1416 - With sustained volumes and RSI values.
We can go long on BATA for a minimum 20% upside.
If levels of 1384 break, one can directly buy At the Money PUT for BATAINDIA and have at least a 10% upside there.
*Educational view*
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.
Buy bata india @ 1367Can we go for bataindia long 1347 - fundamentally strong and coming days are new investment arriving.,and nifty also moving all time high, than now go for long
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
Take a short position in Bata
Bata seem to have completed its upswing / sideways move few days ago, I think now is the time to exit it or take fresh short position. But i also think, we should move with nifty on this one.
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.
20% Upside Potential idea 🔥 - Bata🔥 20% Upside Potential idea - NSE:BATAINDIA
This Trade Ideas is a type of Equity Investment which is designed to give you 10% to 20% return in short-term via #Equity #Investment.
✅ Stock Name -
Bata India
Trade Process :-
✅ - Buy only at Buy Level as recommended in the chart. Use GTT feature available with all online brokers
✅ - On successful purchase, immediately create a SL GTT (Stop Loss level asper chart).
✅ - Once Stock Price is at Target 1 level, move your SL to Cost Price or 3% down from Target 1.
✅ - Keep Trailing the SL as Stock Price moves to next Targets.
Thanks
BATAINDIA--Demand Zone??This stock is continuously falling from last few weeks...
Now price is near to its demand zones, we have back to back demand zones near by.
If demand zone at 1420 level fails, then look for buy at 1320.
Look for long in this stock from demand zones.
On the opposite side, trendline is pushing the price downwards...A strong break will observe after a break above this line.
If you want to go long enter break and retest of trendline.
Bata in the Buying ZoneBata is nearing it's support zone and already in the buying zone. One can buy and hold for long term view. 30-60% profit in a two year time line!!!
Perfect time to buy Bata?
it seems current downswing is close to being over . Is this the right time to buy Bata?
BATA INDIA LAST DOWN MOVE BEFORE THE RALLY
Price is coming from a Daily Supply has given a pullback in upward direction will continue the downtrend till reaces the Daily Demand. Price will shoot to 1530 once it has reached the Daily Demand, hence the Exit is critical.
ENJOY THE RIDE ! ! !
Wait & Watch in BataTechnical Key:
* Near Downward slop Trendline
* RSI at over valued zone now
* Can continue down move if unable to break resistances strongly
Note: This chart is shared for only Education purpose only.
BATA INDIA IN TIGHT ACCUMULATION RANGEThe price trading inside tight accumulation range and now near the support level of 1380. Price formed strong base which showing price can given breakout in coming trading sessions. Price forming low risk & high reward setup. My initial targets will be 1440/1477/1522+ for the upside. Above 1455+ closing will give a massive breakout in the price and price sharply move towards the upper level. Remember this longer the range stronger the breakout. Breakdown below 1380 will leads to more fall in the price.
{BATA IND}: (Taking a Dip)for(3:1)
Price has reacted to a Strong Weekly Supply in the left,
Price has violated a Daily Demand and is currently in a Fresh Daily Supply hence Short position;
ENJOY THE RIDE !!!
BATA INDIA: Road to DownHillFolks!
BATA INDIA is on the downhill. Harmonic Pattern activated.
Please look at the levels for Target and SL.
Best of Luck !
Buy signal in Bata
Bata touched lowest of teh channel, it should go up from here at least for 4-5 sessions.
Time to enter Bata
I think it is time to enter Bata as the upswing is supposed to start soon as it is almost at the bottom of the curvilinear channel, inner and outer both
