My Guru always says... 🙏🙏
- "Trade at Mera wala Price"
- when Market comes and tells you "Ab toh mujhe Dekh le"
What he means to say is and what I learnt from him is
- identify your entry and exit levels before hand and trade when you see those levels come
- if you notice changes in the underlying conditions which tells you that things have changed for the good or worst, you need to reconsider...
These are basically laggard indicators giving you cues... like the stock price moving above or below Moving Averages, for example
Technical Analysis is not about being right or wrong. It is more about identifying your risk & reward levels and being ready with a Plan.
It requires patience but it can reward you well...
On 24th November, we had outlined a plan of action for Tata Motors
and that is to look for buying opportunities on dips towards 158-160
Tata Motors made a low of 156.70 and is now at 166
Need we say more...
Target for the current setup we are looking at 198 / 228 / 236 in the medium term
Pattern gets invalidated if goes below 135
You can check my love affair with Tata Motors in the links below and be amazed at the power of ...
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If you find the Analysis useful, Comment below and follow for more such ideas and more such learnings...😊
Take care & happy trading...!!!
Tata Motors achieves its target 1 of 198.
That is a 25% gain captured in a short duration