BATASHOE

Bata Shoe Company (Bangladesh) Limited · Tannery Industries · Cat A

60/100

Fair

৳877.6

Score breakdown

Technical read

RSI (14)58.6

MACDbearish

Bollingerinside bands (+0.8σ)

Price cycle (Wyckoff)ACCUM

Health trenddeteriorating

Flow pressureneutral

Valuation

Fair value10.2 (7.1-13.3)

Upside-99.00%

Dividend yield+1.60%

Fundamental verdictWATCH

ConfidenceLOW (re-rate ceiling, not target)

Levels

Resistance

৳883

৳933

৳978

৳1019

Support

৳860.1

৳795

৳770.1

৳741.2

Historical bounce zones

Jan 14, 2020: ৳656→৳790 +20%

Mar 18, 2020: ৳618→৳755 +22%

Jun 9, 2021: ৳639.6→৳1006.4 +57%

Dec 26, 2021: ৳850.1→৳978 +15%

Mar 7, 2022: ৳860.1→৳999.8 +16%

Jun 15, 2022: ৳895.2→৳1056 +18%

May 5, 2025: ৳725→৳936 +29%

May 28, 2025: ৳790→৳933 +18%

Historical outlook

Based on how similar setups behaved historically — not a prediction of what will happen.

10-day 40% vs 40% market avg Typical move: -4.8% / -0.9% / 4.3%

30-day 50% vs 42% market avg Typical move: -8.5% / -1.4% / 7.4%

Signals: Bullish Engulfing

Reference levels

Descriptive reference points from the analysis — not instructions to buy or sell.

Entry readdip to 852.0–870.3

Reference stopclose<844.2 (buffer)

Reference targetride/trail; ref 1014.0

Timing notebuy dips Jun-Aug; trim Sep-Oct; hold+trail

Organic (score 90) — clean price history; historically holds its uptrend above the 50-day average. Real earnings. ⚠ Balance sheet DETERIORATING (Altman Z falling) — early warning. [fundamentals WATCH, payout 48.0%, yield 1.6%]