BATAINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of BATAINDIA

📊 Trend Overview

Current Trend: Mildly bullish

Status: The stock is trending upward, but momentum is softening. Price is hovering near key moving averages with mixed signals.

📈 Moving Averages

DMA 50: ₹1,198

DMA 200: ₹1,255

Current Price: ₹1,246

🔹 Price is above the 50-DMA but slightly below the 200-DMA, indicating short-term strength but medium-term resistance. A sustained close above ₹1,255 would confirm a stronger uptrend.

📉 Momentum Indicators

RSI (14-day): 60.2 — Bullish zone, but not yet overbought.

MACD: +27.9 — Bullish crossover, indicating upward momentum.

Volume: 60,391 vs 1-week avg of 2.21 lakh — Significantly below average, suggesting weak participation and lack of conviction.

📊 Bollinger Bands

Price is near the upper band, indicating bullish momentum but also potential short-term volatility or pullback.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,198 50-DMA, immediate support

Support 2 1,150 Previous swing low

Resistance 1 1,255 200-DMA, key breakout level

Resistance 2 1,300 Minor resistance zone

Resistance 3 1,375–1,400 Medium-term target if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹1,200–₹1,225 range on pullback with volume confirmation.

Exit Zone: ₹1,275–₹1,300 for short-term traders; ₹1,375+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI healthy, and price near 200-DMA suggest potential breakout.

However, low volume and recent profit contraction (-20.7%) raise caution.

Watch for volume confirmation before initiating fresh positions.

🧭 Summary

Trend: Mildly bullish with resistance overhead

Momentum: Positive but lacks volume support

Technical Rating: 3.9 — Constructive setup with breakout potential above ₹1,255

Would you like a peer comparison with footwear stocks like Relaxo or Metro Brands?

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