Bata 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.
Another 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...
The 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...
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...
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 ! ! !
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 !!!
BATAINDIA is trading near support zone in 15 Min TF wait till 2-3 candle formation and trade based on candlestick patterns,. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Buy Bata India Target 🎯 2300 because it's recently given major breakout
Buy Bata india target 🎯 1800 because it is on its major Resistance.
We can see a 11% drop in BATAINDIA within this week; This pattern will be confirmed once price breaks the neckline. Refer to this educational post about Double Top pattern ()