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BATA INDIA LTD.

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BATAINDIA trade ideas

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.
NSE:BATAINDIALong
by AdityaKarn90
1
BATA INDIA DAILY - Volume Price AnalysisVolume Price Analysis According to my insights from reading " A Complete Guide to Volume Price Analysis " by Anna Couling , this is what I understood with BATA INDIA Daily Chart : 1. Accumulation Phase has occured from 19th March 2020 One can identify such phases with the help of spike in volumes and areas of support and resistance . Further more there has been an increase in volume prior to march , meaning increase in activity by insiders 2. Spike in Volumes on days of support and resistance Upon identifying areas of support and resistance , there has been one common factor i.e spike in volume . The volume has had a sudden spike as pointed with the help of directional green arrows , one can further tell these are points of reversals as the 3rd Law of Wycoff : Law of Effort & Result is being negated with the movement in price on that particular day ( consider body of candle ) 3. End of Accumulation Phase One can understand the end of the accumulation phase with the movement in volume and movement in price . Volume gradually decreases as the price decreases , as you can see with the rough trend lines drawn to indicate the same 4. Beginning of Trend The trend begins once the highest point of the accumulation phase has been broken , in this case 1464.40 , also backed by direct relation of volume and price from 17th Nov to 19th Nov , 19th Nov being the breakout candle 5. Target Target would personally in my opinion be the height of the phase of accumulation. Distribution would occur around 1735 levels P.S , This is my first analysis on VPA . It would be greatly appreciated to read your insights on this analysis
NSE:BATAINDIA
by RiderTrader
Bata India (In a Range for a while now.)Bata has been in a range for quiet a while it has tried to breach and sustain over the 1400 levels but the bears seem to be standing strong there. The stock has tested the area multiple time only to be sold off next. If the smaller trend line is respected and the stock reverses, We will have to see whether the 1400 level is taken off or not. If it happens the stock might resume a new up trend and in case the smaller trend line is breached downwards the stock might test the bigger trend line and further 1250 levels.(Long shot it is). The Green line is the 9 EMA and the red line is the 200 EMA. Both of them are acting as a good support/resistance throughout the chart and can be used to trade. With results season beginning technicals might be over powered by the fundamentals. All Bluechips will be coming out with their results soon, we will have to wait and watch whether the results of the Second Quarter will define a new trend in the market or not. Trade with Caution.
NSE:BATAINDIA
by vinayak.mohta5