A custom Fib level has been drawn from the candle that broke the trend from sideways to uptrend ... The next Long position entry can be taken from fib 70 area for uptrend best would be from around approx 1336 with first target of 1400 -> 1420 -> 1445
if price fail to break resistance, then trend line can become support.
Bata India (28 May 2020) CMP 1299.10 Double Top pattern confirmed. MACd and RSI going down. In the last 9 trading candles of 15 min 7 candles are sowing big sell volume, with the latest 15 min candle shrply showing high sell volumes. On a 15 min time basis the stock looks going downward towards 1265. T1: 1288, T2: 1275, T3: 1265 SL: 1310
As per chart analysis for bata india can be long @ 1339 for the short term level of intraday is 1348 & 1355. Soon Stock will cross the 50 EMA & at bullish side. please enter at the levels provided.. & keep posted .
BATA INDIA BUY @1330 TGT1352/1366 SL 1322
RENKO CHART IS BULLISH BUY for a short term gain Taregt - 1400 SL -1257
see new zone with control line short term trader can earn here
We can see a 11% drop in BATAINDIA within this week; This pattern will be confirmed once price breaks the neckline. Refer to this educational post about Double Top pattern ()
SPOT: SHORT 1165-1160, SL 1192 TARGET 1124 INTRADAY
Triangle is formed in daily time fame, Trade after the breakout with one hour candle confirmation, and also consider nifty trend
NSE:BATAINDIA is basically on a trendline that extends from June 2019 highs to today. This is a critical prize zone for BATAINDIA. Any closes below the trendline on a daily basis will signal a Sell/Short and a strong bounce will a candlestick pattern like a bullish engulfing will signal a low risk Buy with the Stop loss being below the swing low.
Gave inside pinbar on daily reversal from diagonal resistance good risk reward. below 1697 sl 1714 tgt 1664
$BATA sell setup target 200dma and wedge lower end
1.bear after re-tracement 2.twizzer top 3. risk-reward