Nov 21, 2012, 04.42 PM | Source: CNBC-TV18
Kunal Bothra of LKP is of the view that Bata India is a very good stock, it can give 3-5 percent returns in a week.
Kunal Bothra (more)
Head of Advisory, LKP | Capital Expertise: Equity - Technical
Bothra told CNBC-TV18, "Bata India is a very good stock in terms of short-term trading only because if you look at the last four days, it has been some sort of accumulation. You see a resistance around Rs 875-878, which was probably building up. Today it managed to give a good breakout. Volumes are there somewhat but I would probably wait for a confirmation again. But I think this is showing a very good strength even on intraday charts if you look at the moving averages, it is showing that the moving averages are gaining strength. Probably a breakout above Rs 890 would signal a very strong move. I have kept my target for a very short-term with a stop loss of Rs 870, I think this is one stock which could definitely give you a trigger of 3-5 percent from probably a week’s perspective."
Mitesh Thacker of miteshthacker.com is of the view
Sudarshan Sukhani of s2analytics.com is of the vie
Sharmila Joshi of sharmilajoshi.com is of the view
Axis Direct is bullish on Bata India has recommend
Bata Director, Finance, R K Gupta said Rs 8 crore