BATA INDIA LTD
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Bata India Trendline Breakout

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It is been observed that the price action breaks out from the downward trend line on hourly chart indication bullishness. The price action is moving up to 38.2% Fibonacci levels which is our Target 1 and once it breaks above it then it shall move further up to Target 2 of Fibonacci 50% levels.

Target 1: 510
Stoploss: 494

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