Tata Global Breaks out Consolidation, Moving Down

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TATA GLOBAL BEVERAGES LIMITED (BSE:TATAGLOBAL)

BSE:TATAGLOBAL TATA GLOBAL BEVERAGES LIMITED

consolidation flatcorrection tata nifty

The price action breaks out from the rectangular consolidation indicates weakness.

Target1: 131
Target 2: 128

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Hi Neeteshji,

Please suggest i have shorted at 137.5... should i hold for target of 131 within 1 week timeframe or should i exit on monday, Please advise.

Thanks,
Anand Kumar

Ankumar2016

Yes you may hold it for the target of 131 and keeping a stoploss at 144.

NeeteshJain

Thank you very much your reply..

Ankumar2016

Anytime, wish you have a good one.

Thank you Neetesh ji

Neeteshji, please tell me what is the stop loss for this trade

Ankumar2016

Stoploss shall be the high of rectangular consolidation i.e. 145.

I would recommend when you have high stoploss then in order to control risk, it is wise to take small position initially and once you find the price action moving to your direction then you start building up to it.

Seema it may remain in the rectangle for some more time.

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