praveen.bhatiya

Bearish Engulfing at Death Zone !

Short
praveen.bhatiya Updated   
NSE:TATAMOTORS   TATA MOTORS LTD
The stock is forming bearish Engulfing at .786 Fibonacci level. I would trade it at this level for a short term gain hoping the retracement : risking 10 points and looking for a reward of 12 only as there is nearby support. Risk to reward is not lucrative but mostly such setup reward the small profit.
Trade closed: stop reached

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