BATAINDIA trade ideas
BATA INDIA SHORT TERM LONG SIDEI am a learner
Pls ping me for any mistakes.
Thank you
(Charts for education only)
BATA INDIA 1HRConfluence of Daily bullish BAT & 1HR crab STRONG POTENTIAL REVERSAL ZONES
Within 3-5 price bars need the confirmation from a Bullish CANDLE with RSI ABOVE 30
POTENTIAL BUY
BATAINDIA inside downward channel on 1 Hour TFBATA moving inside downward channel. Currently at support. May breakdown from support or bounce back to next target level. Targets mentioned in the chart. Apply logical SL
BataIndia BataIndia, 60 Min Chart
Bullish RSI Divergence
With Trendline Breakout
All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Bata India - In the Value ZoneBata India - Appearing on my UnderValued Stock list. Will add few quantities above 1460 and more above the Triangular breakout. SL is 1375.
DISC: Not a SEBI Registered. I post charts for my own study.
BATA INDIAa. Bata India has retraced by over 62%.
b. Looks like good levels to enter as a position trade for a month or 2 or 3.
c. SIgnificant double bottom level.
d. Stop Loss is close.
e. RR is very good @ 6:1.
Please do share your views.
Be-aware, it might slip further, but SL is in place. Invest with your own RR study. NSE:BATAINDIA
Thanks.
Ravindra
Breakout but likely to fall in day chartLikely to test 1443 in short term. Weekly chart is still strong and up move expected till 1730
Buy BATAIND for swing tradeBata is in uptrend and continously taking support near 1640-1635. Buy this counter from positional basis for the target of 1680 with a stop loss of 1630.
(Note:- This is my personal views. Please consult with your financial advisor before taking trade.)
Bata India Looking strongAt First retraced from 1.618 FIB and price action resistance
But It broke eventually and now entered in to higher zone which may bring it around the above Red Resitance zone corresponding to 0.886 FIB. SUpport and Swing low in place
