Tata Motors - Price Action

28 jun 2020

Chart speeks for itself.

29 jun 2020

Nota

Wait for reversal from lower parallel

30 jun 2020

Operación activa

long initiated

30 jun 2020

Nota

at 98.75, stop loss is 90; we are looking for risk reward of 1:5 or more.

2 jul 2020

Nota

Move stop loss to cost@ 98.75, previous swing high breached.

3 jul 2020

Nota

Market moving in our direction. Depending upon market structure,SL will be modified. Profit target is upper parallel or beyond, depending up on market structure in coming days. Risk reward less than 1:5 is bad.

14 jul 2020

Operación activa

Second entry @105

18 jul 2020

Operación activa

shift stop loss of both first and second entries below last swing low @ 100

5 ago 2020

Nota

Breakout of symmetrical triangle consolidation pattern; and satisfied the level (roughly 3%, same as head and shoulder breakout - as per classical chartist Edwards and Magee). Move Trailing stop loss to 110, last swing low.

7 ago 2020

Nota

Range break out and Price consolidation in energy coil. more upside in coming days, keep strick stop loss at 110, no need to move up. Risk reward in this trade weill be very high. if we are lucky we may see 1:20 or more because we are looking for doubling of ranges.