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    HomeNewsBusinessMarketsBuy Bata India, target Rs 1115: Mazhar Mohammad

    Buy Bata India, target Rs 1115: Mazhar Mohammad

    traders should adopt a two-pronged strategy on this counter and buy at current prices and prepare to add further on dips between Rs 1,025 – 1,010 for an initial target of Rs 1,115, says Mazhar Mohammad of Chartviewindia.in.

    Moneycontrol Contributor
    December 03, 2018 / 11:46 IST
    Bata India | September quarter share price performance in 2019: 19%, 2018: 13%, and in 2017: 29%.
       
       
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      Mazhar Mohammad

      Bata India registered a strong breakout from its minor consolidation range and appears to be heading for new lifetime highs placed around Rs 1,115.

      Hence, traders should adopt a two-pronged strategy on this counter and buy at current prices and prepare to add further on dips between Rs 1,025 – 1,010 for an initial target of Rs 1,115. A stop loss suggested for this trade is below Rs 990 on a closing basis.

      Disclaimer: The author is Chief Strategist – Technical Research & Trading Advisory at Chartviewindia.in. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      Moneycontrol Contributor
      Moneycontrol Contributor
      first published: Dec 3, 2018 11:46 am

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