TECHNICAL ANALYSIS
STOCK OF BATAINDIA
Weekly View BATAINDIA
The stock is moving on uptrend on weekly time frame. The
MACD has also crossed the signal line and is moving above it. The RSI has also
recovered from the oversold region so the stock will go bullish. The parabolic
SAR also shows that the dots are below the price level which suggests buying.
Buy Bata India above 799 with the target around 817-837 and the stop loss at
784. Bata India expects to report net profit
at Rs.46.6 crore up 35.90% year-on-year.Net Sales are expected to
increase by 7.1 percent Y-o-Y to Rs. 629.3 crore. Earnings before interest,
tax, depreciation and amortisation (EBITDA) are likely to rise by 43.9 percent
Y-o-Y to Rs. 83.4 crore.
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