Analysis of Bata India on the basis of Ratio chart and Trendline
Target - 2900 (Top of trendline)
Analysis on the basis of Ratio chart shows reversal in strength of Bataindia w.r.t to NIFTY. Reversal in strength w.r.t NIFTY and channel breakout are strong signals to buy.
RSI - the RSI continuously staying above 60 further shows momentum in stocks.
Chart is self explanatory.
Please comment if not clear.
Target - 2900 (Top of trendline)
Analysis on the basis of Ratio chart shows reversal in strength of Bataindia w.r.t to NIFTY. Reversal in strength w.r.t NIFTY and channel breakout are strong signals to buy.
RSI - the RSI continuously staying above 60 further shows momentum in stocks.
Chart is self explanatory.
Please comment if not clear.