BATAINDIA trade ideas
BATAINDIA ANALYSIS ON MAY 4TH 2018As per my analysis, good days are about to start in bataindia as in the chart it already formed the CUP_HANDLE pattern which signifies the bullish trend and as per my view as it already touched 816 mark so this time it can reach about 840-860 mark in the month of May 18.
BATA- Bullish Piercing-BUY SETUP Above 698Bullish Piercing appears in BATA.
Reward 1 - 709
Reward 2 - 714
Risk - 668
Bata Weekly Outlook1.Resistance line was broken with strong upward move
2.Voulume is supporting the move
3.Enter on pullback towards support line
Downside for BATAI see that Bata made a 5 wave corrective pattern to the upside and an Ending Diagonal in wave 5. It has broken the down trend line and is in consolidation. A break out to the downside from this consolidation would mean Bata will go down to atleast 490 levels.
sell from perticular point,my view on bata price running in correction mode ,hoping impulse downside,sell from apr 424,target 404
bataindia triangle breakout bata india break triangle in 60 min chartbuy near 545 1st target 567 and 2nd 574 and sl 539 (THIS IS ONLY FOR EDUCATIONAL PURPOSE )
BATA INDIA - ZIG ZAG CORRECTION (SELL)Right now, it is in the process of Wave C of ZIG ZAG correction and it may end near 500 levels.
BATA INDIA SELL SETUPON DAILY CHART THERE IS SHOOTING STAR CANDLE AND RSI ALSO OVERBOUGHT SO WE ARE GOING TO SELL DIS STOCK TOMORROW AT OPENING.ENTRY STOP LOSS AND TARGET ON CHART.
IF YOU AGREE WITH MY VIEW THEN PLEASE HIT LIKE AND FOLLOW ME FOR MORE UPDATES AND IDEA'S I REALLY APPRECIATE THAT.
TRADE WITH CARE
REGARDS
