23-12-20 New Positional Trade Idea
BATA INDIA
Cup With Handle Pattern Breakout At INR 1645/-
LTP ~ INR 1575/-
Profit Target Goal ~ 1850/-
Stop Loss ~ INR 1450/- Closing Below
ROI ~ 17% Long Term Holding
RRR ~ 2.20:1.00
Note:- Medium Financial Strength, Expensive Valuation With Technically Neutral
The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 13% from 50DMA and 200DMA
BATA INDIA
Cup With Handle Pattern Breakout At INR 1645/-
LTP ~ INR 1575/-
Profit Target Goal ~ 1850/-
Stop Loss ~ INR 1450/- Closing Below
ROI ~ 17% Long Term Holding
RRR ~ 2.20:1.00
Note:- Medium Financial Strength, Expensive Valuation With Technically Neutral
The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 13% from 50DMA and 200DMA
Ravikanth Chopperla
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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.
Ravikanth Chopperla
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.