Saturday, July 9, 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  $ 627.60 with a gain of +0.50%   on 08 July 2011 with formation of Small White Candle  on Daily  Price Chart. BATAINDIA is  looking extremely Over-Bought   on Charts. Major Momentum Indicators are in OverBought Zone say W%R & RSI. Buyer-Seller Force Index is turning Downward , making it Bearish for Short/Mid Term.
We Recommend to SELL-  BAINDIA  around  $ 642
Target- 520
Stop-Loss – 653
Time Frame- 10-30 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based Quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software with pattern Explorer. You can reach the Chartist here mail@niftynext.com .
 Call NiftyNext # +91 880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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