Buy Bata India; look for a bounce back to 655 level: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on Bata India.

ET Now: What is your call on Bata India?

Mitesh Thacker: Bata India is a buy today, again a contra call given the fact that the stock has corrected significantly. Since levels of 700 it is hitting critical supports at 620-616. It is also a stock which is oversold. So I would buy it with a stop at about 609, look for a bounce back to levels of 655.