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 trade ideas
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
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#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.
Positional Stock OutlookBata India is India's largest footwear retailer and manufacturer, affiliated with the Bata Shoe Organization. With over 1375 strategically located stores, it is the country's leading footwear retailer. Bata India emphasizes product quality, innovative designs, and a customer-centric approach. It operates a vast non-retail distribution network, serving millions of customers through over 30,000 dealers.
BATA INDIA IN TIGHT ACCUMULATION RANGEThe price trading inside tight accumulation range and now near the support level of 1380. Price formed strong base which showing price can given breakout in coming trading sessions. Price forming low risk & high reward setup. My initial targets will be 1440/1477/1522+ for the upside. Above 1455+ closing will give a massive breakout in the price and price sharply move towards the upper level. Remember this longer the range stronger the breakout. Breakdown below 1380 will leads to more fall in the price.