BATAINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 2.3

📉 BATAINDIA is currently reversing with bearish momentum. The stock is trading below key moving averages with weak RSI and MACD, indicating continued downside pressure.

📊 Technical Analysis Summary

• Trend Status: Reversing downward
• RSI (27.8): Oversold — weak momentum, potential for technical bounce
• MACD (-26.7): Bearish crossover — confirms downward trend
• Volume: Significantly below 1-week average — low participation
• DMA 50 & 200: Price below both — bearish structure
• Bollinger Bands: Price near lower band — oversold, but no reversal signal yet

🎯 Entry & Exit Zones

• Support Levels: ₹1,050, ₹1,025, ₹1,000
• Resistance Levels: ₹1,100, ₹1,167, ₹1,232
• Optimal Entry: ₹1,025–₹1,050 (if RSI stabilizes)
• Exit Target: ₹1,167–₹1,200 (short-term resistance)

✅ Positive

• ROE (15.6%) and ROCE (15.2%) — solid efficiency metrics
• Dividend yield of 1.76% — moderate income potential
• Debt-to-equity ratio (0.91) — manageable leverage

⚠️ Limitation

• Price below 50 DMA and 200 DMA — bearish signal
• RSI and MACD both weak — no momentum
• Volume significantly below average — lack of buying interest
• High P/E (75.5) and PEG (2.22) — valuation concerns

📉 Company Negative News

• Quarterly PAT dropped from ₹54.9 Cr to ₹18.7 Cr — 64.2% decline
• Stock down 89.5% from 52-week high — severe underperformance

📈 Company Positive News

• Stable institutional holding — no major FII/DII exits
• Potential for technical rebound from oversold levels

🏭 Industry

• Sector: Footwear / Consumer Discretionary
• Industry P/E: 42.6 vs BATAINDIA’s P/E: 75.5 — significantly overvalued
• Sector outlook mixed due to discretionary spending pressures

🧾 Conclusion

• BATAINDIA is reversing with bearish momentum
• Entry near ₹1,025–₹1,050 with targets at ₹1,167–₹1,200
• Monitor RSI and volume for signs of reversal
• Short-term traders should be cautious; long-term investors may wait for trend confirmation