Bata India Ltd. CMP - Rs 623.20
Technical Outlook & Trading Strategy:-
The most important observation to be made on the charts of Bata India is the negative divergence displayed by indicators. They signal that the upward movement of the price could have lost force and in all likelihood give some kind of a decline. In the short term we expect the share price to decline towards the target of Rs 605 / Rs 590 levels.
We recommend sell at current levels with a stoploss placed above Rs 638.20.
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