BATA INDIA LTD

16 Nis 2023

LOOKS GOOD FOR LONG POSITION WITH A SL OF 1370

Reasons:
- Wolfe Wave formation
- Wave 5 Taking immense support at Golden ratio of 1.618 ( Retracement of Wave 4 )
- Exaggerated Divergence of RSI
- ADX Reversing Downside from 44
- Risk to Reward Ratio is Fantastic

Target would be 1483 and above it will lead to 1611

CHART & ANALYSIS
Adarsh Kumar Dey

20 Nis 2023

Not

Bata Has started Moving.

21 Nis 2023

Not

First target almost achieved with a High of 1481

31 May 2023

Not

Approaching Towards Second Target of 1611

20 Haz 2023

İşlem kapandı: hedefe ulaştı

Second Target also Done