Bata India stock hits fresh 52-week low
Chandan Taparia, derivatives analyst, equity research at Anand Rathi told Business Standard the stock is making lower top-lower bottom formation from last three weeks and is finding selling pressure at every attempt to bounce back.
- Nov 16, 2016,
- Updated Nov 16, 2016 4:36 PM IST
The Bata India stock hit a fresh 52-week low on Wednesday amid the market partially recovering its two-day losses.
Chandan Taparia, derivatives analyst, equity research at Anand Rathi told Business Standard the stock is making lower top-lower bottom formation from last three weeks and is finding selling pressure at every attempt to bounce back.
At 10:58 am, the stock was trading at Rs 420 level down 1.33 per cent.
It touched a fresh 52-week low of 415 level at 9:35 am today.
The stock hit an intra-day high of 432 level in today's trade.
It closed 0.86 percent higher at Rs 429 on the BSE.
The Bata India stock hit a fresh 52-week low on Wednesday amid the market partially recovering its two-day losses.
Chandan Taparia, derivatives analyst, equity research at Anand Rathi told Business Standard the stock is making lower top-lower bottom formation from last three weeks and is finding selling pressure at every attempt to bounce back.
At 10:58 am, the stock was trading at Rs 420 level down 1.33 per cent.
It touched a fresh 52-week low of 415 level at 9:35 am today.
The stock hit an intra-day high of 432 level in today's trade.
It closed 0.86 percent higher at Rs 429 on the BSE.