BUY ABOVE 1270
TARGETS: 1277, 1285, 1293
SELL ABOVE 1250
TARGETS: 1243, 1235, 1227
IF SUSTAIN ABOVE 1300 THEN FURTHER UPSIDE POSSIBLE
Posting for Educational purpose only
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Bata India has breakout above 1322 levels. We can buy it for short term target of 1340 to 1395. I will keep stop loss at 1275 (safer side)
Its my personal view, do check with financial advisor before any investment. My views may go wrong :)
Time frame - 1 Hr
As per my analysis stock is currently trading at very good price range that is 1270-1285 which is a strong demand zone for the stock.
You may definitely buy some shares if you are a price action based trader.
I personally like to take the trade at demand and supply zone trades for swings and I prefer to provide swing trades which are trading...
Buy Bata India at cmp for the target of 1340(short term target). As we can see the stock was in a accumulation mode for more than two weeks. Institutions were accumulating the stock at lower level. It seems like they have completed accumulating the stock and its ready for a big upmove. Good price action + Good volume .