Bata India Limited Symbol: BATAINDIA Suggestion: Buy, Target price Rs. 110; Stop loss at Rs. 125 Open             119.00 High              123.90 Low               113.00 Last Price    121.10 Fig. 1: Price movement - Bata India The stock price of Bata India has recently started following a downward moveing trend, as shown in figure 1. Looking at the graph, one can easily figure out that the price is not following this trend strictly, and thus it cannot be said that the price will follow this particular trend in the coming sessions. It is better to call these lines as a projections or rough estimates...