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FAHEEMSAM
Aug 9, 2020 8:57 AM

TATACONSUM - BOUNCING BETWEEN TRENDLINE 20 EMA Long

TATA CONSUMER PRODUCT LTDNSE

Description

Wait for the breakout to happen. Enter and catch the move.
TATACONSUM gave investors a 150% return. Traders could catch atleast some movement of it.

Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.

Comment

JUST MAKE THIS PERFECT, I HAVE DONE A MORE PRESENT ANALYSIS ON THE STOCK. LOOK THAT....
Comments
decentLeopard74559
i bought this at 505 what should i do
FAHEEMSAM
@decentLeopard74559, it depends on your intentions. If you are long term trader - you Should not be asking this question because if you are, then you are doubting the company and it’s financials and your research. And I don’t think you are an intraday trader as you would not hold for so long. So you must be a swing/positional trade. If yes, you must have set a target at least 5-10%. You need to hold on to the trade at least till a clear downtrend is shown. Or I am bullish of the stock and need to wait for a breakout from the consolidation it is having right now. Anyway, now you are 2% profit, then you have no risk of losing your capital. So go ahead and continue your trade.
decentLeopard74559
@FAHEEMSAM, thank you for your valuable comments.
logicalProfile51862
I have bought Tata Consumer 520 CE @ 15.45 and sold 550 CE @ 7.
At what Level Should i Exit
FAHEEMSAM
@logicalProfile51862, I am sorry, i am not experienced enough in options to answer that. I right now only trade in stocks.
satheeshwaran
Hi, Above which price we shall enter the long position.
FAHEEMSAM
@satheeshwaran, a clear break out above the trend line is an indication to enter the trade
satheeshwaran
@FAHEEMSAM, Thank you
FAHEEMSAM
@satheeshwaran, you are welcome
Taurus333
will this continue its upward move like last two days or now it will fall?
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