BATA INDIA LTD
- BATA INDIA is moving in a up channel pattern, and stock will now facing its down trend line support @ 1225, once BATA closes and stays below 1225 then further weakness is expecting.
- Technical Charts also indicates that stock coming down from strong resistance and will now test its 100 DMA, as long as holds above bulls have a change to bounce back, once closes below 100 DMA then bears may get active.
- Stock also facing fibonacci retracement golden ratio support @ 1225, if stock falls from current levels and closes and stays below 1225 then stock find next strong support around 1172.
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