Tata motors is conserving energy for another up move in (Energy coil) upward channel ormation; at the same time it is at the edge of the valley. sellers are sitting here. A Push trade opportunity? overall price slope is upward, hence as of now Long position is valid. May look out for selling a weak shoulder, if market permits.
For Push trade Target would be Red Median line of Pitchfork.
Trail stop loss of original trade is also at very low level (below 110)
Old ideas are linked, for understanding other trade opportunities this stock had given.
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This is one person’s experience, your experience may differ.
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Prices are past Push trade area. Next target is Red median line.
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If behaviour changes exit all longs and initiate Short position. Can consider shorting Tata motors weak shoulder.
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This is one fine example of High probability swing trading using andrew's technique. Inception of such favourable Risk reward ratio trades starts with very simple idea. Next target can be either of parallel's, for direction let market give some clues.
Trade fechado: objetivo atingido
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BEHAVIOUR CHANGED TRADE CLOSED.
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Major in Making...short position of Tata Motors while out there is a bull run in Nifty..Do you have faith in your system?
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considering shorting the stock ant retest was a bad idea; where would i place stop loss?
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I love Tata group stocks...They all behave in same fashion.