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vanathi
May 18, 2017 4:16 PM

TataMotors - May 19 Day Trade! 

TATA MOTORS LTD.NSE

Description

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!
Comments
paruchurusk
great call vanathi. booked profits. :)
vanathi
@paruchurusk, Great.
UnknownUnicorn646072
thats why stoploss to protect capital
vanathi
@rupambose32, Coal india looks cool.
UnknownUnicorn646072
volume must be increase dramatically from head to neck line
vanathi
@rupambose32, You think its not valid pattern in tatamotors?
UnknownUnicorn646072
@vanathi, all are valid and all are invalid
vanathi
@rupambose32, In share market nothing is sure or unsure :)
UnknownUnicorn646072
@vanathi, look to my coal india analysis,done buy natural laws,i am sur about coal india if failed stoploss there
UnknownUnicorn646072
before making hand s always look on volume
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