Take a short position in Bata
Bata seem to have completed its upswing / sideways move few days ago, I think now is the time to exit it or take fresh short position. But i also think, we should move with nifty on this one.
BATAINDIA trade ideas
Bata India Ltd. (BATAINDIA) Sell StrategyThe 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 stock has been in a downtrend, as indicated by the descending trendline.
2. Support and Resistance Levels:
- Immediate resistance is around INR 1379.20.
- Support levels are marked at INR 1223.55 and a lower support level at INR 998.30.
3. Descending Trendline:
- The stock has been following a descending trendline from its peak, indicating continued bearish momentum.
- This trendline acts as a resistance level, preventing the stock from moving higher.
4. Trade Strategies:
- Bearish Scenario:
- The stock is currently below the descending trendline, suggesting further downside potential.
- If the price fails to break above the resistance at INR 1379.20, it may continue to decline towards the support levels at INR 1223.55 and potentially down to INR 998.30.
- Sideways Movement:
- The price may experience some consolidation between INR 1379.20 and INR 1223.55 before making a decisive move.
- Traders should watch for a breakout or breakdown from this range to determine the next direction.
Summary:
The weekly chart of Bata India Ltd. shows a clear downtrend, with the stock struggling to break above the descending trendline. Immediate resistance is at INR 1379.20, and the stock is likely to find support at INR 1223.55 and INR 998.30. Traders should be cautious and watch for a breakout above the trendline for any bullish indications, but the current outlook suggests a bearish trend with further downside potential if the price fails to hold above the immediate support levels.
Batathe script is under complex correction after a full cycle completion in which the wave c of x can start as per the EW analysis. corrective waves are difficult to trade as they are known mostly by end of its pattern, extra care is needed to see how the waves unfold in the coming weeks. the low of the previous impulse was broken at the bottom and shows this could be an expanded flat if the price moves up from here
BATA INDIA good buying zone is comingAn opportune moment presents itself for potential investors eyeing Bata India, as positive news regarding franchises and robust management strategies emerge. Within the graph, meticulously outlined are the buying zones, stop-loss levels, and targeted objectives, all strategically positioned for educational insights and informed decision-making.
wait for zonewaiting for stock to settle in potential reversal zone. buy if it comes to zone . sl is close below zone.
20% Upside Potential idea 🔥 - Bata🔥 20% Upside Potential idea - NSE:BATAINDIA
This Trade Ideas is a type of Equity Investment which is designed to give you 10% to 20% return in short-term via #Equity #Investment.
✅ Stock Name -
Bata India
Trade Process :-
✅ - Buy only at Buy Level as recommended in the chart. Use GTT feature available with all online brokers
✅ - On successful purchase, immediately create a SL GTT (Stop Loss level asper chart).
✅ - Once Stock Price is at Target 1 level, move your SL to Cost Price or 3% down from Target 1.
✅ - Keep Trailing the SL as Stock Price moves to next Targets.
Thanks
bata indiabata has given us a big volume +big candle breakout + trndline breakout with other things i've already mentioned on the chart again if next candle follow up then it is going to be a good buy with good s.l.
Crown Pattern in makingBata has made a base at 1380,
expecting a crown pattern formation
so keep sl as 1380 on day close basis and a 40% move can be expected from here
tgt of 2000 can be achieved by Nov'25
BATA IndiaA possible short covering candidate. Keep eyes on trendline and if breakout sustains we can see good rally in short term
BATAINDIA--Demand Zone??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 this line.
If you want to go long enter break and retest of trendline.
[Positional] Bata India Swing BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
BATA INDIA LOOKING BULLISH, TREND REVERSAL MAY BE SEEN.Bata India looking bullish to me for swing targets mentioned on the chart, will trend bullish for a while once trend line is broken.
Bata in the Buying ZoneBata is nearing it's support zone and already in the buying zone. One can buy and hold for long term view. 30-60% profit in a two year time line!!!
Bata India Long Positon Bata India is currently positioned in a significant demand zone, suggesting the possibility of a modest upward movement from this point.Consider entering with a well-defined risk and reward strategy.
Reversal Broadening Wedge pattern in BATABATA INDIA LTD
Key highlights: 💡⚡
📈 On 1Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 1645+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 1830+.
📈 Can Go Long in this stock by placing a stop loss Below 1378-.
BATAINDIA - add in watch listAs per my analysis., BATAINDIA can be added in watchlist for onvestment
Important levels - 1701 and 1870
First Target will be 2040
Second Target 2230
Please comment if you wish to see my analysis any stocks.
Please do your due diligence before trading or investment.
Thank you.
Perfect time to buy Bata?
it seems current downswing is close to being over . Is this the right time to buy Bata?
BATA INDIAJust a long term view
Monthly weekly and yearly chart looks good.. educational purpose only make your own analysis too
#BATAINDIABATA INDIA Looks good on long term trend. Currently trading very near to the bottoms of the trend channel with a targets of 9000 + by january 2025.
P.S: Given are my personal views & are not at all any buy or sell tips. Stock market is subject to market risk, please consult your SEBI registered financial advisor before making any investment or trade.
BATAINDIA - Weekly trendline testBATAINDIA testing weekly trendline.
Had news this morning regarding partnership with ADIDAS and the volumes kept rising.
As long as 1730 is held, I expect this to go 1775/1800/1850
