The Best Week to Buy Stock


                        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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