Bata dips towards 725-740 as expected. Stock to face short term resistance at 760 on the upside and can find support at 720 in near term and at 680-700 in long term. Positional traders can short on rally.
Long term investors can accumulate between 680-700 with a stop below 660.
Reference call:
Decent results. Book profits in Bata India. Stock likely dip towards 725-740.
source http://gale.in/bata-dips-towards-725-740-as-expected-stock-to-face-resistance-at-760/
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