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EagleVision8
Jan 13, 2020 3:36 PM

TataMotors Shorts Covered Short

TATA MOTORS LTD.NSE

Description

Decrease in OI, with an increase in Price
The market has been making new highs so this is a risky call.

Short at 198-200/
SL: 210
Targets 190,185,180

Trade active

Trade active

Market actively trying to consolidate,
waiting for a good fall from break of trendline in next week
However if all goes green and market continues favoring the bulls, i would suggest a SL of 206 for~ 3% loss
210 for~ 5% loss
Entry Point 200

Comment

Target 1 & 2 reached. Book part profit if you want to

Trade active

New target for Fat profits at 175

Since we are safe from making a loss on this one, i have booked 50% profits at 7%~move 200>185
The remaining position is left to trigger at Target 175/SL 192.
Guarenteed 6% return on the position taken

Trade closed: target reached

Fat
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