A Quick ride from the TATA MOTORS DVR-Food for the bear market!
1.Bullish reverse divergence
2. Expected support from the ML touch of the pitchfork
3.Take profit level chosen conservatively in the 0.382 fibo level of the bounce intra kumo cloud...
4.There is a possibility of piercing the kumo and reaching the 0.618 level but i wont count that, as there are too many trends to breakout from, and specially when the broader market sentiments are doubtful in the long run, and no fundamentals in sight, except q4 numbers... we have to watch an CANSLIM it to the pattern we are receiving here....
Disclaimer... Trade active....Not an investment/trading recommendation.....
2. Expected support from the ML touch of the pitchfork
3.Take profit level chosen conservatively in the 0.382 fibo level of the bounce intra kumo cloud...
4.There is a possibility of piercing the kumo and reaching the 0.618 level but i wont count that, as there are too many trends to breakout from, and specially when the broader market sentiments are doubtful in the long run, and no fundamentals in sight, except q4 numbers... we have to watch an CANSLIM it to the pattern we are receiving here....
Disclaimer... Trade active....Not an investment/trading recommendation.....