BATAINDIA trade ideas
BataIndia, BreakoutAn uptrending stock corrected suitably and finished correction at 200 DMA. Now rising once more. Breaking out of the earlier highs. 905 is a steep resistance and it has a Negative Divergence in MACD as well. Bears have taken a strong position at 900 Call and siting tight. Crossing this will give another boost to bulls for a steady rise.
Bataindia, 200 DMAPrice taking support at 200 DMA. So holding the same, price may go up towards previous high. SL is made very small. It is a simple approach.
Bata India weekly, Inv. Head & Shouldr pttrn with wave Target Bata Inda was in Range bond for almost 2 year from july 2015 to july 2017, in which price formed a very bullish Inverse Head&shoulder Pattern
On end of the July 2017 , its a gave a Positive Brekout from its NeakLine with good volume,;
LONG BATA INDIA - READY FOR THE NEXT BREAKOUT ABOVE 800BATA INDIA IS Consolidating in a Price range of 765 ~ 815 from last 6 Weeks, Stock is trying hard to move towards 810~820 levels but once it touches the price levels of INR 800, it was not able to sustain over 800 & comes down towards 780, 785, 790 levels & give closing near those levels.
But it was seen this week some volume buying came & it hover near 800 levels & final closing came near 792, i am very much hopeful in coming week post Karnataka elections it will go beyond 800 levels & give closing over 800.
Lets ready for the next big Action in BATA India for a price levels of 815-825.
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.
