Bata Long Term - Bullish - Elliot Wave Count

Hi Friends,

Bata has retraced 0.78% of previous impulse. It is setting up nicely with favourable risk reward ratio. There has been nice accumulation in volumes/delivery. Seems to be breaking out of correction. Strong tailwinds in consumer durables might propel it to larger 3 wave.
Targets are marked in the chart on the basis of fib projections.

Trade ativo:

Impulse up, hold tight with patience.