TATA MOTORS is going to be a Positive stock (Thursday)
Keep a watch in the movement and buy only when you see a bullish momentum candle.
Logic :
1. It is at the all time support zone .
2. Closing happened with a green candle and a long wick in the downside.
3. It is in oversold zone in RSI (<30).
Setup :
1. 15mins Chart Time.
2. Target : 108 (Next resistance)
3. Stoploss : 104 (Little lower than the previous high candle)
4. Risk : Reward is 1.52
Logic :
1. It is at the all time support zone .
2. Closing happened with a green candle and a long wick in the downside.
3. It is in oversold zone in RSI (<30).
Setup :
1. 15mins Chart Time.
2. Target : 108 (Next resistance)
3. Stoploss : 104 (Little lower than the previous high candle)
4. Risk : Reward is 1.52
Trade closed: target reached