BATA INDIA Breakout

After a long regression trend, BATA INDIA has been trading on the breakout zone between 137-1380. The stock shows a breakout at 50 MA above 1409. The upward targets for BATA INDIA are 1455, 1498, 1540. A downward movement can have immediate strong support at 1368. Monday's movement will be an important one. Trade carefully for first 15min to give you a confirmed move.

You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.

This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.