BATA INDIA LTD
Updated
LOOKS GOOD FOR LONG POSITION WITH A SL OF 1370
Reasons:
- Wolfe Wave formation
- Wave 5 Taking immense support at Golden ratio of 1.618 ( Retracement of Wave 4 )
- Exaggerated Divergence of RSI
- ADX Reversing Downside from 44
- Risk to Reward Ratio is Fantastic
Target would be 1483 and above it will lead to 1611
CHART & ANALYSIS
Adarsh Kumar Dey
Reasons:
- Wolfe Wave formation
- Wave 5 Taking immense support at Golden ratio of 1.618 ( Retracement of Wave 4 )
- Exaggerated Divergence of RSI
- ADX Reversing Downside from 44
- Risk to Reward Ratio is Fantastic
Target would be 1483 and above it will lead to 1611
CHART & ANALYSIS
Adarsh Kumar Dey
Note
Bata Has started Moving.Note
First target almost achieved with a High of 1481Note
Approaching Towards Second Target of 1611Trade closed: target reached
Second Target also Done
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