a. 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
Likely to test 1443 in short term. Weekly chart is still strong and up move expected till 1730
At 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
It is observed that Bata India given breakout. The current market price is 1658. Upside level looks like 1880. Downside exit at 1460
This 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...
break 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...
Bata 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 is consolidating around the support and shown a sign of breakdown.
Bata has made a divergence on RSI and can change its trend
Self 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. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to...
The 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: ...
Bata India shown multiple rejections previously. So tomorrow results might drag it down. Short below 1248 Safe players short below 1239. look chart for levels. If breaks 1239 we can see1230,1227,1220 levels
Please do your own research before trading or investing
Short Term Stock Option Buy BATAINDIA AUG CE 1300.00 @47-49 SL 27 TGT 86 ABOVE VWAP + TK cross over + MACD cross over + good volume buy so upside looks evident GO LONG.