Lucifer759
Short

Short Bata

NSE:BATAINDIA   BATA INDIA
Sell BATA at 1060 levels stoploss closing above 1075 target 996.6
Applied Fibonacci levels to Bata. First target of 1024 levels has been met and now has retraced to 0.236 levels of Fibonacci levels. Expecting sell off from here to 996.6 which is 50% of total rally.
Either correction could end there or prolong to 968.5 which is very crucial.
Lets see....
Trade active: Modify stoploss to 1042 and wait for targets of 997 and 970
Trade active: First target almost reached. Wait for 970 levels on this stock.
Trade closed: target reached
Trade closed: target reached: Second target reached

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