BATA INDIA LTD
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BATA- long for 12%

price action sequence explained in chart .follow the numbering to understand the sequence

price moving up from cluster of EMAs
price forming a bullish inside bar above 18 day EMA
bullish engulfing bar crossing all EMAs and closing above pivot level confirming uptrend
MACD demonsatrates positive divergence
Target and SL marked

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