guptaaditya24

Long Bata India: Volumes picking up, breaking all resistances

Long
NSE:BATAINDIA   BATA INDIA
Hello Traders,

Bata India has moved up breaking above its all time high. With volumes picking up, we can expect it to give it a further upmove.
WIth 3:2 RR we can trade it as follows:-

My trade would be placed a follows: -

CMP: 1835
Entry price: CMP or 1835-1841.
Target: 1985
SL: 1736 (Daily closing basis)

If it opens at a lower price I would wait for Bata India to start moving up before taking an entry rather than buying at a lower price.


Happy Trading!