TATA MOTORS POSSIBLE DESCENDING TRIANGLE BREAKDOWN???
SUMMARY:-
*stock is constantly rejecting its 20-ema
*upon that the stock is seeing rejection from its bearish trendline
*on the downside there is a visible support at 445 level
*twice market bounced from 445 and moved higher
*if we notice the bounce is getting weaker and weaker creating lower high each time
*this clearly marks an example of descending triangle pattern
*so there is a huge risk reward trade in tata motors available
*one can go short now with a stop above 20-ema and bearish trendline on closing basis
TATA MOTORS JAN FUT
SHORT@471
STOP@479
TARGET@461-455-449
(IF A CLOSE BELOW 445-440 IS ACHEIVED ON CLOSING BASIS THEN STAY SHORT FOR 410-415 LEVELS)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
👇👇👇👇👇👇👇👇👇
*stock is constantly rejecting its 20-ema
*upon that the stock is seeing rejection from its bearish trendline
*on the downside there is a visible support at 445 level
*twice market bounced from 445 and moved higher
*if we notice the bounce is getting weaker and weaker creating lower high each time
*this clearly marks an example of descending triangle pattern
*so there is a huge risk reward trade in tata motors available
*one can go short now with a stop above 20-ema and bearish trendline on closing basis
TATA MOTORS JAN FUT
SHORT@471
STOP@479
TARGET@461-455-449
(IF A CLOSE BELOW 445-440 IS ACHEIVED ON CLOSING BASIS THEN STAY SHORT FOR 410-415 LEVELS)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
👇👇👇👇👇👇👇👇👇
Catatan
Trading ditutup: stop tercapai
MY STOP WAS HIT WILL STILL WATCH FOR THE CLOSE ABOVE/BELOW THE TRENDLINE
Catatan
STOCK IS ABOVE 482 AND TRENDLINE CROSSED ONE CAN BE BULLISH IN TATA MOTORS
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.