We have seen the stock of bata india ready to gain momentum as per charts. This stock has trading in the channel zone & will get good results after the proper signal of BO or BD signal received. Now for technical analysis stock is making lower low for past few days. Now today we have seen good buying in the stock . On charts both sides marking has been done. Also stock is ready to cross the 50 EMA level. So as per charts this will likely to break out from the channel zone as upper resit. level is testing again & again. Long entry can be taken above the level of 1288 for the next target price of 1325. but due to volatility if BD then will update you. Also investors can buy this stock from the current level. Fundamentals of the stock is very strong & within next 2 months we can see the level of 1550 in the stock. So add the stock in your watch list to see the price action.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Trade active:
Bata High 1312