BATA - Ready for a up move?Crossed above 200 ema on daily chart. took support from long term trend line
BATAINDIA
BATAINDIA - Weekly - Swing TradeThe above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself. The analysis of BATA has been done couple of weeks ago as well. One can check that out in the "linked ideas".
BATA being the leader in its sector, one can also use this analysis for short to medium term investment.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on morning star pattern linked below.
Feel free to comment or message me for any kind of queries.
BATAINDIA - LONG SetupBATAINDIA has a small bullish flag structure in the daily chart but a big resistance trendline of last 5 months.
Closing above that trendline can give fresh BO and once BO is done
One can go LONG with strong 1300 SL as support on WCB
Chart Description:
- Small bullish Flag
- 5 Month strong trendline
- RSI at 50 levels (facing resistance)
BATAINDIA weekly chart looks bullishNSE:BATAINDIA
Please prefer to notes given on chart.
|| Ambadnya ||
Thanks !!!!!
BATA - Weekly - Morning star formation at support level - SwingThe above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself.
BATA being the leader in its sector, one can also use this analysis for short to medium term investment.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on morning star pattern linked below.
Feel free to comment or message me for any kind of queries.
BataIndia BataIndia, 60 Min Chart
Bullish RSI Divergence
With Trendline Breakout
All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
POSSIBLE BREAKOUT BAT on SHORT TERM - GREEN COFFEE TIME!Hello trading friends,
BAT Shows a possible trend for a breakout. with price target above 127 usd
BATA INDIAa. Bata India has retraced by over 62%.
b. Looks like good levels to enter as a position trade for a month or 2 or 3.
c. SIgnificant double bottom level.
d. Stop Loss is close.
e. RR is very good @ 6:1.
Please do share your views.
Be-aware, it might slip further, but SL is in place. Invest with your own RR study. NSE:BATAINDIA
Thanks.
Ravindra
Breakout but likely to fall in day chartLikely to test 1443 in short term. Weekly chart is still strong and up move expected till 1730
Bata India Looking strongAt First retraced from 1.618 FIB and price action resistance
But It broke eventually and now entered in to higher zone which may bring it around the above Red Resitance zone corresponding to 0.886 FIB. SUpport and Swing low in place
Bata India - BreakoutIt is observed that Bata India given breakout. The current market price is 1658. Upside level looks like 1880. Downside exit at 1460
BATA - Good for swing as well as investmentThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Analysis & Strategy along with logic is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query about chart study / price action analysis.
Bata can give big move buy on dips for short termbreak previous resistance of 1515 and made big green candle so buy
on dips for trgt-1630++ in swing trade.Buy at 1300-1330 range and go long.
currently in overbought rsi-77 so for intraday
sell below-1558-trgts-1543-1538 sl-1565-68 after volume rsi confirmation
buy above-1590-trgts-1616-1624 sl-1580-1575.after a balances rsi confirmation.
like and comment my work.
note-trade at own risk or watch my analysis 1st.
Bata strong consolidationBata had consolidated well over few months. The convergences are indicating good momentum. Wait for 1400 to be crossed and sustain for a good entry. Expect 1600-1700 in a quick move.
BATA - Short - Descending triangle breakdownBata is consolidating around the support and shown a sign of breakdown.
Bata can change its trend from current levelsBata has made a divergence on RSI and can change its trend
BATA INDIASelf Explanatory chart.
Breakout from the Triangle and falling Wedge.
Now a fresh rally has started in the Parallel Channel. Keep riding the stock in the channel.
Stop Loss should be just below the channel when the stock breaks the channel on the downside.
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BataIndia from 14 August 2020The stock has been moving down for the entire june july n august month expecting it to start moving upwards again
at 1230 price level a big spike in volume seen ==> personally indicating a investor started buying it.
MFI has touched bottom zone waiting for a breakout in it ==( line has been drawn )
for upside movement trading strategy :
Calendar Spread: remember it is all option together --> try to adjust premium for good result
AUG : SELL 1120 PE
BUY 1080 PE
SEP: BUY 1400 CE
SELL 1500 CE
this is giving good return with low risk make sure breakeven is around 1110 on the downside
ADJUSTMENT :
if stock starts moving further downside ... start adding PE in september month and position of call option on lower strike price ...
