Weekly Price Action For Tata Coffee
Updated
Long view on Tata Coffee on weekly time frame. With Buy at 103 and targets of 109,113 and 121.
Stop Loss : 99.50.
With a lot of profit booking scene on 22nd February in the market, Tata coffee did not see the unusual volume surge for profit booking
Simple price action explanation. Not a recommendation.
Before trading, always consult with your financial advisor.
Stop Loss : 99.50.
With a lot of profit booking scene on 22nd February in the market, Tata coffee did not see the unusual volume surge for profit booking
Simple price action explanation. Not a recommendation.
Before trading, always consult with your financial advisor.
Note
Target 1 : 109 achievedNote
Target 2 : 113 was achieved on 24th febNote
Analysis was done on a weekly chart. In three sessions, we achieved 13-14% move.Hence I recommend to close the trade with 117 as trail stop loss. It will not be wise to wait for another 3 points for a number of days.
Trade closed.
Note
ANyways, Target is achieved : 121
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