Bata India, this company has know for it's "AADARSH" chart, it's a clear cut buying/investing opportunity for the stock right now
Reason for buying :
Fundamentally strong company.
If you see the highlighted area with attention,you will see a pattern
the pattern made is called as "LONG TAIL DOJI"
The pattern shows a Strong rejection for a script on downside
This indicates that buyers are in power for the stock currently & this is the indication of a strong buying on a script.
Target : (double) 3400+ in an year
Stoploss: 1600 ( for long term)
Swing Target 1900-1950-2000+
Swing Stoploss 1680.
Close Positions on daily closings only.
Reason for buying :
Fundamentally strong company.
If you see the highlighted area with attention,you will see a pattern
the pattern made is called as "LONG TAIL DOJI"
The pattern shows a Strong rejection for a script on downside
This indicates that buyers are in power for the stock currently & this is the indication of a strong buying on a script.
Target : (double) 3400+ in an year
Stoploss: 1600 ( for long term)
Swing Target 1900-1950-2000+
Swing Stoploss 1680.
Close Positions on daily closings only.