Bata India

Feb 7

- Bata is a good International Brand, Dip has come due to poor results.
- Debt has increased, Reserves are adequate - Negative.
- Promotors holding is good & no promotors are pledged - Positive.
- Head and shoulder pattern on monthly chart,Tgt of H & S is marked in White vertical lines.
- Triangle pattern on monthly chart marked in aqua/skyblue colour.
- Volume is decreasing,it indicates lacking interest of investors.
- Price is below 200 EMA on Daily & Weekly chart.
- Support levels & Demand Zones are marked in green.

Long Term:-
Accumulate 10% at 1360 - 1260
Accumulate 15% at 1100 - 1000
Accumulate 25% at 820 - 720
Total 100% Qty average at 962
Tgt 2000 - 2200 Stoploss 650

Swing & Positional:-
Buy 1360 - 1260
SL 1135
Tgt 1540 - 1650

This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.

Happy Trading :-)