Buy Bata India , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Bata India is in a stupendous long term uptrend. It started this uptrend from Rs 150, reached Rs 750 then went through a deep correction because when you have such a big move the corrections are inevitable. That correction is over, so sooner or later it seems that Bata will make lifetime new highs because these long trends don't stop immediately."
He further added, "The day before price action tells us that Bata is now ready for small up move, that small up move can convert into a larger one; that's a different issue we will find out. But it's one of the better stocks to swing trade today for a short term, for a day or even for carrying positions. So buy Bata and look for a target of Rs 650, if you are a position trader keep some of it."
