On Tata Motors , 15 min chart we have a potential Long opportunity at the D leg completion of 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 .
Target 1 - 466.9
Target 2 - 470.7
When looking to take targets on the Setup the first step is to use your tool.
With your 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