Bata India is at an important level.

19 Nov 2019

BATA INDIA: The stock is in a dominant trend up though we notice there is a momentum loss which is leading a correction. Now the stock is just at the SPAN support, a good price action (bullish candle) is required here to assert the trend else it may lead to a deeper correction till 1530 levels! We can notice a TK cross. The RSI took resistance at the bear extreme levels and crippled into neutral zone. MACD is also neutral as of now.