BATA INDIA LTD

Bata India touching long term support, preparing for breakout up

96
Bata India fell nose down in August'16 and has been continued in the bearish mode,it formed a bearish flag,and has completed almost 80% flag pole target and preparing to trend reversal, we may see this stock to retest again the support before breakout. trader may go short up to 448.50 and wait for direction, it may consolidate also before breakout. we may enter this stock after the breakout of falling wedge pattern with a target of somewhere between 520-521 in near term.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.