Stock Radar: This footwear stock is making rounding bottom formation on weekly frame, says Shivangi Sarda, Motilal Oswal

“Bata India stock is making a rounding bottom on the weekly frame and continuous buying can be seen at any small decline. Traders can buy for a target of Rs 1740 in the next 3-4 weeks and a stop loss can be placed below Rs 1616,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.