1) down fall has finished took a strong support at 1241 points
2) wait for the break out at 1286.
3) if the candle closes above 1286 then the bulls can rally up to 1460 without any hurdles.
4) if the points breaches 1241 support zone , next bearish rally continues up to 1000 points.
5) wait for 2 to 3 trading session to know further in detail.
tips : buy at...
Breakout in BATA India on daily time frame. There was breakout and then last kiss and moved up.
Next Targets could be 1553, 1579, 1606, 1644
Before achieving these targets it might retrace to previous supports (marked on the chart), then there would good buying opportunities.
We are seeing a divergence on the RSI and a negative weekly close when the market made a high could indicate starting of long unwinding. Hence it would be wise to be with the market, book the profits and wait for a dip to re enter.
