Bata - Momentum + improving RSI + MA crossovers supportBata – Technical Setup
Trend Context: After a prolonged bearish phase, Bata has shown signs of reversal from a strong support zone around ₹1100.
Price Action: Recently, the stock formed a base near support and has now given a trendline/neckline breakout. On the daily chart, the inside candle breakout adds confirmation of bullish momentum.
Levels to Watch:
Entry: Above inside candle breakout (sustaining strength).
Stop Loss: ₹1200 (round level support) – keep it strict.
Targets:
T1: ₹1294 – near-term resistance.
T2: ₹1362 – next resistance / swing target.
Weekly View: The stock is trying to reverse its medium-term structure. Sustaining above 1290–1300 will add conviction for higher levels.
✅ Summary Trade Idea:
Bata looks attractive after reclaiming support and giving a confirmed breakout. Risk is well-defined at 1200, while upside targets of 1294 / 1362 offer favorable risk-reward if momentum sustains.
