BATA INDIA LTDLong
Bataindia Bullish
Bataindia closing 1474.65. with stop loss is 1440 then targets are 1520-1550-1600+.
Buying Reason.
1 --> Price is giving breakout then make the #consolidation then ready to breakout.
2 --> Price move from the support.
3 --> ADX is showing the Up move and +DMI rise.
4 --> RSI is showing a Bullish move and crosses the 60 levels.
5 --> Support is also given by 50 EMA.
6 --> Volume is also indicate the up move ready and volume is also good.
7 --> Bollinger Bands are open in Upside.
Buying Reason.
1 --> Price is giving breakout then make the #consolidation then ready to breakout.
2 --> Price move from the support.
3 --> ADX is showing the Up move and +DMI rise.
4 --> RSI is showing a Bullish move and crosses the 60 levels.
5 --> Support is also given by 50 EMA.
6 --> Volume is also indicate the up move ready and volume is also good.
7 --> Bollinger Bands are open in Upside.
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