It is been observed that the price action breaks out from the downward trend line on hourly chart indication bullishness. The price action is moving up to 38.2% Fibonacci levels which is our Target 1 and once it breaks above it then it shall move further up to Target 2 of Fibonacci 50% levels.
Target 1: 510
Stoploss: 494
Bata India has not seen some moment from a long time. The analysis shows that it will soon revive itself and break the norms that were seen earlier. Supported my strong fundamentals too, I would recommend to buy bata for a medium term.