Buy Bata India Ltd Target Rs. 1530 - Religare Broking
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* BATAINDIA has been trading with the corrective phase for the last one and a half years and retraced from 2250+ to monthly support zone around 1380 levels.
* It has spent almost 2 months around that zone and witnessed a breakout from the same now.
* This up move is supported with a decent rise in volume. Expect a gradual up move from hereon.
* We thus suggest initiating fresh longs as per the given levels.
Buy Bata India Ltd CMP: 1458.85, STOP LOSS 1420, TARGET 1530
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