udhaya0000

16% correction in BataIndia?

Short
udhaya0000 Updated   
NSE:BATAINDIA   BATA INDIA
Looks like there are chances for Bata India to correct 16% from here i.e to test 1278 level this year as per fib level, lets keep an eye on this stock
Comment:
Comment:
Currently facing resistance in 10 months and 40months EMA, more chances to take support in 96 months EMA (i.e 8 years moving average)
Comment:

1610 - 1620 should react as a resistance if it fails, need to close this and need to work on this analysis
Comment:
Today's rejection gives some hope on our resistance, lets how it reacts next week
Trade closed manually:
its time to review my analysis on this stock
Trade active
Comment:
going good, lets see
Comment:
130 more to go!
Comment:
more fall might happen, lets see
Comment:
looks like 880 might be possible, lets see
Comment:
1.3% down this week
Comment:
50 more to go!
Comment:
1396 might be the resistance, lets see

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.