Performance Summary of BATA INDIA LTD:
FUNDAMENTALLLY EXCELLENT COMPANY.
PRESENCE IN 165 COUNTIRES ACROSS WORLD
EXCELLENT RISK REWARD RATIO
Technically at 62% Retracement and RSI at 30, which means stock is oversold,
On Chart, Bata has made Gravestone Doji, which means trend reversal possibility is very high.
Keep an Eye on Bata, If you see Trend reversal from here, You Must join the trend, this is a quality Portfolio stock, but keep a time horizon of 3 to 6 months to reap good returns.
FUNDAMENTALLLY EXCELLENT COMPANY.
PRESENCE IN 165 COUNTIRES ACROSS WORLD
EXCELLENT RISK REWARD RATIO
Technically at 62% Retracement and RSI at 30, which means stock is oversold,
On Chart, Bata has made Gravestone Doji, which means trend reversal possibility is very high.
Keep an Eye on Bata, If you see Trend reversal from here, You Must join the trend, this is a quality Portfolio stock, but keep a time horizon of 3 to 6 months to reap good returns.
Comment:
Technically Stock is corrected till 62 % retracement . But in few cases stocks corrects till 78% retracement. However, these are good levels for any stock to enter.