Tata Motors - Bearish Shark @320-325 -Let us enjoy Motors's Ride

18:11 Hrs 13th June 2018

Last Price@308.90

Let's have some up & down ride.

Look for a push upside to 320-325 zone where CD leg of the bearish shark completes once done & if Nifty Index is slippery -can't hold 10850's look to sell from 320- 325 zone once it starts falling below 320. Enjoy The Motors Ride & Do let me know your experience.

Trading Strategy

Plan 1 - Buy with strict stops below 305 from zone 307-308 - Target 1- 314 - Target 2 - 320 -325 Zone

Plan 2 - Buy above 314 - Target 1- 320-325 Zone

Plan 3 - Sell in the zone 320-325 -If you see index slippery as described above -

Downside Target 1- 314 - Target 2 - 305 -307 Zone - Target 3 - 300-302 -Target 4 - 295 -297

Unforgettable Update - Tighten your seat belt - are we falling!

Trade active: 06:31 Hrs 14th June 2018

Good Morning!

Additional Plan incase market does not behave as we think -

Plan 4 - It is risky call - Sell Below 305 - Target 1- 300 - Target 2 - 295 ( As a precaution should not move above 312) - Risk Reward is not that great you get 1:1 so if you ok then sell below 305.

Plan 5 - Buy from 295 -300 zone if motors get support & starts moving above 300 mark - Target 1- 305 -307 zone- Target 2 - 312 - 314 zone - Target 3 - 320 (Above 314)
Trade active: 09:25 Hrs 14th June 2018

Last price@309.50

Day Low@307.10

Plan 1 - Active

As suggested buying between 307 -308 - Only those should trade who can afford to lose 2 points.
Once it crosses 310 mark we will trail our stops to buying price @307 so we do not lose or if lose than only brokerage.
Crossing above 312 - we will trail stops to 309 - to get 2 points. Target 1 -314.
Above 314 - Plan 2 shall activate.
Trade active: 09:50 Hrs 14th June 2018

Last Price@307.50

This is the bottom zone for buying between 307 -308 as below 307 we should not buy and sell if it goes below 305 as per plan 4 -Risky call suggested early morning.
Trade active: 10:14 Hrs 14th June 2018

Last Price@306.10

Below 307 - we are not interested to buy.
Trade active: 10:18 Hrs 14th June 2018

Last Price@305

As step profit we will book partial profits in sell close to 303 if it holds between 302.50 - 303 below 302.50 we will book next at 300 & below 300 at 298
Trade active: 10:55 Hrs 14th June 2018

Nifty Bearish Bat on 13th June 2018 Stops SBIN at 290's -Trading at 282

Nifty Moves 100 Points down to 10790's - 14th June 2018
Trade active: 12:45 Hrs 14th June 2018

Last Price@ 305.10

Buying only above 307 - if crosses 307 & holds above 307 or wait for a dip close to 302.50 -303 below 302.50 for 300 - 298 levels.
Trade active: 09:29 Hrs 15th June 2018

Last Price@306.65

Do not jump in the trade immediately - hold your nerves -enjoy your breakfast & allow them some space - holding above 307 -you should take buying in Tata Motors.
Trade active: 12:07 Hrs 15th June 2018

Last price@304.90

Not Holding above 307 - again for the first half - not interested in buying. next support could be 304 - below 304 -it could be 300-301 where we will see for support if happens for upside opportunity.
Trade active: 12:27 Hrs 15th June 2018

Last Price@304.75

Recent Low@ 304.10 --- Trying its best to turn above 304 as suggested half an hour back.
Trade closed manually: Thanks
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
How to avoid Whipsaw , 15 min closing
@krishika, You cannot as market evolves with time. Best you can do is use Indicators like ADX / Ichimoku to get close to the dart (hitting point) & others like Pivot Point & all. Manage your risk extremely well - no emotions -cut your trade -book loss if required. Profits will follow you later.
krishika AbhishekHSinghCMT
@AbhishekHSinghCMT, Buying only above 307 - if crosses 307 & holds above (307) , is this on hourly chart . I know this is tricky loss could be huge , what should be the best timeframe in this case

@krishika, In reference to 307 levels - in any time frame- better you take 30mins & Higher -you can see 307 was support level which was broken so I suggested that if you are planning to buy -buy only above 307 -This phenomenon in technical analysis is called " polarity reversal" where support turns into resistance so it could be high chances that it could go close to 307 & start falling back. I hope this will help you. Welcome.
@krishika, Also, you said "tricky loss" - are you long in Tata Motors -as I suggested clearly in above updates - 10:14 Hrs today that "we are not interested in buying below 307 level"
krishika AbhishekHSinghCMT
@AbhishekHSinghCMT, Yeah bought at 308 and stopped out
@krishika, Stopped at 307
Whats the target for nifty bat ?
@Basty, Sorry. I am not suggesting any targets for Nifty because not tracking index at the moment -just did for fun. May be next time. TradingView colleague @gulz, has done Nifty update – Potential Bearish Gartley ( That was Potential Bat as retraced 88.6% in CD leg)
Low @303.80. Excellent!!!!
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