BATA India: Bottom Fishing
Updated
BATA India is among the stocks which is yet to recover to pre-covid levels & still struggling near its low price this year.
ROunding bottom formation observed and it has started rising with volume gradually.
A volume buildup is clearly visible.
Price is trading above 20 DMA and RSI is increasing as well..
All indications are positive. Company has good fundamentals as well.
Top of the rounding bottom is on 1320 levels,
Enter above 1320 .
Target: 1450
SL: 1255
ROunding bottom formation observed and it has started rising with volume gradually.
A volume buildup is clearly visible.
Price is trading above 20 DMA and RSI is increasing as well..
All indications are positive. Company has good fundamentals as well.
Top of the rounding bottom is on 1320 levels,
Enter above 1320 .
Target: 1450
SL: 1255
Trade active
Trigger activated for entry
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