BATAINDIA

• The stock has witnessed 44% correction from all time high and is now testing support around 1300.
  
• The Monthly RSI is also testing its Oversold Level.
  
• These suggest that the scrip could form a medium term low.
  
• Monthly MACD crossing above its Trigger line and a clearance of highs made around 1770 & 50% FR level would confirm strength.