BATA India free stock market forecast and trading tips updated on 21st October 2015, Wednesday.

BATA INDIA

Stock has formed triangle pattern in daily chart and is now on the verge of bearish breakout, stock can see price fall once it closes and holds below 519 (its trend line support).

Intraday stock can see weakness once it holds below 519, will find support around 513, 510.

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BATA INDIA has formed triangle formation in daily chart.

BATA INDIA

• Stock has formed triangle formation in daily charts, this indicates sharp movement expecting when stock comes out from its pattern.
• Stock is moving up from 200 days moving average, chart indicates as long as stock holds above bulls will be favored.
• On down side stock will find trend line support around 1235, 1226 and 1205 and On upper side stock will find trend line resistance around 1345.

BATA Intraday trading strategies, Intraday trading tips

BATA

• Stock moving in up channel formation, this indicates stock will favor bulls as long as BATA moving in up pattern.
• As per chart no2, stock will find strong fibonacci retracement resistance around 1345, once stock closes and holds above 1345 further price rise can be seen.
• As per stock analysis chart no3, 200 DMA paying an important role, from last 5 times stock bounced back from 200 DMA this will favor bulls for further bulls rally. Close Watch.

BATA INDIA tips on share, bullish breakout stock favor bulls.

BATA INDIA LTD

• BATA INDIA is moving in a up channel foramtion, will favor bulls as long as moving in up channel pattern.
• Stock has formed head and shoulder pattern, and now closed above, will favor bulls as long as holds above 1360.
• If stock moves up from current levels then will find resistance around 1470 its 161.8% fibonacci retracement. Close Watch.
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BATA INDIA best stock market tips , stock will test its strong support zone @ 1225, further weakness expecting in BATA once closes below 1225. (Updated on 26th September 2014, Friday).

BATA INDIA LTD

• BATA INDIA is moving in a up channel pattern, and stock will now facing its down trend line support @ 1225, once BATA closes and stays below 1225 then further weakness is expecting.
• Technical Charts also indicates that stock coming down from strong resistance and will now test its 100 DMA, as long as holds above bulls have a change to bounce back, once closes below 100 DMA then bears may get active.
• Stock also facing fibonacci retracement golden ratio support @ 1225, if stock falls from current levels and closes and stays below 1225 then stock find next strong support around 1172.
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BATA INDIA Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock currently facing strong resistance around 1360, Once closes above BATA will favor bulls, Till then stock can see come correction from current levels. Updated On 09th September 2014, Tuesday).

BATA INDIA LTD

• As per current stock analysis chart no1, BATA is moving in a up channel formation , as long as stock moving in channel formation it will be favored bu bulls, but once Bata breaks its up pattern on down side then weakness is expecting.
• As per graph no2, 100 days moving average is playing an important role from last 3 time we have witnessed big bull rally as soon as stock touched 100 DMA, on upper side stock is finding strong trend line resistance around 1360, once stock closes above 1360 and stays above then stock looking bullish for next few trading days.
• Free intraday stock tips - close watch once stock starts trading above 1360, if holds above 1360 with volumes then intraday bulls action is expecting.
• Suggested Reading - ADANI ENTERPRISES facing strong trend line resistance at current levels, will favor bulls once closes above, till then stock can correct.
• As per graph no3, if stock moves up from current levels and closes above 1360 then Bata will find next resistance around 1470 its 161.8% fibonacci retracement.
• Suggested Article - 5 Biggest Stock Market Myths.
• But if Bata falls from current levels then stock will find strong fibonacci retracement support around 1315, 1290, 1270 and 1250 as shown in chart no4.
• Click here to see all the free trading reports (tips) published by us on BATA INDIA.
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