vanathi

TataMotors - May 19 Day Trade!

NSE:TATAMOTORS   TATA MOTORS LTD
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It has been observed price action has formed bearish head and shoulder pattern which indicates price will fall further. Sell below 439 with the stoploss of 442. Targets are 435, 432, 430 and 428. If the bearish head and shoulder pattern fails, buy above 443 with the stoploss of 440. Targets are 447 and 450.
Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 19, 2017 only.
Trade active: Short @ 439
Comment: 1st target!
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great call vanathi. booked profits. :)
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vanathi paruchurusk
@paruchurusk, Great.
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thats why stoploss to protect capital
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vanathi rupambose32
@rupambose32, Coal india looks cool.
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volume must be increase dramatically from head to neck line
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vanathi rupambose32
@rupambose32, You think its not valid pattern in tatamotors?
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@vanathi, all are valid and all are invalid
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vanathi rupambose32
@rupambose32, In share market nothing is sure or unsure :)
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@vanathi, look to my coal india analysis,done buy natural laws,i am sur about coal india if failed stoploss there
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before making hand s always look on volume
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