BATA INDIA LTD

Bata India at Support - good positional play

137
Another stock that came on my radar is Bata India.

Currently 42 % from its highs.

It's at the level, from where it has seen a good run in the past and we might likely see that run again in the coming time.

For me, it's not a portfolio stock, however, a position play can be taken, considering the stock trading at a good support level, hence risk reward would be great at this level.

Support zone @ 1369-1231

Intermediate Resistance zone @ 1759 - 1825

Stop Loss below 1200.

Above probability would be void below 1200 levels



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