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...
BATAINDIA is trading near support zone in 15 Min TF
wait till 2-3 candle formation and trade based on candlestick patterns,.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
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
Short Term Stock Option Buy BATAINDIA AUG CE 1300.00 @47-49 SL 27 TGT 86
ABOVE VWAP + TK cross over + MACD cross over + good volume buy so upside looks evident GO LONG.
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
