TradingView
Umang_Sharma
5 de Sep. de 2020 11:15

Tata motors : Breakout and Retracement Trade Largo

TATA MOTORS LTD.NSE

Descripción

Tata Motors is holding higher levels in daily as well as a one-hour time frame.
.
Reason to Buy:
1) Healthy retracement at 0.236 fibo levels.
2) Major breakout in the daily time frame.
3) Holding higher levels and forming pole and flag patterns in a one-hour time frame.
4) Retracing back to the previous halt level (Purple-Box).
.
Safest entry-level at 155.25.
I entered at 128.65.
Stoploss must be below the immediate swing and retracement level of fibo i.e 146.00.
.
Trade with price action and wait till it crosses higher fibo levels.

Operación cerrada: precio stop alcanzado

Stop-loss hit closing this trade.
Comentarios
norestuntillvictory03
Bro is there any chance for correction
Umang_Sharma
@norestuntillvictory03, There might be some correction in the near future but I'm planning on holding this for this year at least. Nifty is at a crucial level for the upcoming two months if nifty corrects itself it think there might be a correction in this stock too.
Más