Prices have taken support at 20 MA on weekly chart. RSI on weekly chart has also crossed 60 mark showing further signs of strength in the counter.
BATA INDIA can be bought at current levels with time horizon of 2-3 months with stop loss below 1620 level. Prices are likely to cross all time high soon and can head towards 2000 level.
On Daily chart, Prices have broken above the Upper Band and RSI has closed above 60 Mark showing strength in Momentum. Stock can be bought for the immediate targets of 650-670 levels with stop loss below 565 level on closing basis.
