gulz

BULLISH BAT LONG SETUP ON TATA MOTORS - 460.7

Long
NSE:TATAMOTORS   TATA MOTORS LTD
Hi,

On Tata Motors , 15 min chart we have a potential Long opportunity at the D leg completion of bullish BAT setup .

The D leg completion of BAT is @ 460.7 (PRZ).

The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Stop loss would be placed below X leg structure support .

Target 1 - 466.9
Target 2 - 470.7

When looking to take targets on the bullish Bat Setup the first step is to use your Fibonacci retracement tool.

With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%.

To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2.

Trade with Care
Gulz
Trade active: Shorted on anticipation of Bat Action Magnet Move for a traget of 460.7
Order cancelled

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