Sunday, June 26, 2011

Bata India Ltd(BATAINDIA)- A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


BATAINDIA closes  at 528.45  with a gain of +3.60%   on 24 June 2011 with formation of Long White  Candle on Daily  Price Chart. Technically, BATAINDIA is in Long Term Bullish Phase.We have seen Rising Sun Pattern On Daily Price Chart. Major Momentum Indicators are in Bullish zone. Buyer-Seller Force Index,RSI, Ultimate Trend Cycle & Twinggs Money Flow & TAIO are moving upward on  Daily Price Chart.
We Recommend to BUY  - BATAINDIA   at CMP
Target- 546/572
Stop-Loss – 517
Time Frame- 5-20 Trading Days
Long Term Holding will be advisable at these Rate with Strict Stop Loss of 480 For 25-40% Yields.


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