Bata India Trendline Breakout

١٠ أكتوبر ٢٠١٦

It is been observed that the price action breaks out from the downward trend line on hourly chart indication bullishness. The price action is moving up to 38.2% Fibonacci levels which is our Target 1 and once it breaks above it then it shall move further up to Target 2 of Fibonacci 50% levels.

Target 1: 510
Stoploss: 494