TATA MOTORS POSSIBLE DESCENDING TRIANGLE BREAKDOWN???

Dec 30, 2021

SUMMARY:-
*stock is constantly rejecting its 20-ema
*upon that the stock is seeing rejection from its bearish trendline
*on the downside there is a visible support at 445 level
*twice market bounced from 445 and moved higher
*if we notice the bounce is getting weaker and weaker creating lower high each time
*this clearly marks an example of descending triangle pattern
*so there is a huge risk reward trade in tata motors available
*one can go short now with a stop above 20-ema and bearish trendline on closing basis

TATA MOTORS JAN FUT
SHORT@471
STOP@479
TARGET@461-455-449
(IF A CLOSE BELOW 445-440 IS ACHEIVED ON CLOSING BASIS THEN STAY SHORT FOR 410-415 LEVELS)

NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
👇👇👇👇👇👇👇👇👇

Dec 30, 2021

Note

Dec 31, 2021

Trade closed: stop reached

MY STOP WAS HIT
WILL STILL WATCH FOR THE CLOSE ABOVE/BELOW THE TRENDLINE

Jan 3, 2022

Note

STOCK IS ABOVE 482 AND TRENDLINE CROSSED ONE CAN BE BULLISH IN TATA MOTORS