Bata Long Term - Bullish - Elliot Wave Count
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Hi Friends,
Bata has retraced 0.78% of previous impulse. It is setting up nicely with favourable risk reward ratio. There has been nice accumulation in volumes/delivery. Seems to be breaking out of correction. Strong tailwinds in consumer durables might propel it to larger 3 wave.
Targets are marked in the chart on the basis of fib projections.
Bata has retraced 0.78% of previous impulse. It is setting up nicely with favourable risk reward ratio. There has been nice accumulation in volumes/delivery. Seems to be breaking out of correction. Strong tailwinds in consumer durables might propel it to larger 3 wave.
Targets are marked in the chart on the basis of fib projections.
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Impulse up, hold tight with patience.
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