Bata Ind is currently trading at 871.85 levels.
Technically, the stock has kissed the multiple trend line support levels &
bounced back strong bullish candle which indicates bulls are in momentum. If
resistance level of 881 breaks, then the
stock will rise towards 921 - 945 levels.
An addition, falling trend line break out has been witnessed on
the hourly chart which is sign of bulls.
The support level placed at 853 -
825. On the daily chart,
the KST indicator has showed a positive
crossover which is added strength to the bulls.
Recommendation: Traders can buy on dips to 865 - 859 levels with a stop loss
of 825 (Close) for the target of 921 - 945 levels.
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