The above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself. The analysis of BATA has been done couple of weeks ago as well. One can check that out in the "linked ideas".
BATA being the leader in its sector, one can also use this analysis for short to medium term investment.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on morning star pattern linked below.
Feel free to comment or message me for any kind of queries.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself. The analysis of BATA has been done couple of weeks ago as well. One can check that out in the "linked ideas".
BATA being the leader in its sector, one can also use this analysis for short to medium term investment.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on morning star pattern linked below.
Feel free to comment or message me for any kind of queries.
