Bata remained under pressure after touching 750 level and posted low around 440 mark. It gained momentum from there and kissed 600 level and again entered correction phase. However the bears could not hold the counter at lower levels and again it started its upward journey and managed surpass 600 levels during last session. It witnessed gap up opening and traded with positive bias through out the session and the break of 600 level was well supported by decent volumes. It seems that the counter has gave a Cup & Handle break out on a daily chart and is expected to trade with positive bias in sessions ahead.
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