evnavinraj55

Buy opportunity at TATAMOTORS

Long
NSE:TATAMOTORS   TATA MOTORS LTD
NSE:TATAMOTORS

Looks like a great opportunity to go long for TATAMOTORS.
TATAMOTORS formed Inverted Head and shoulder pattern and It broke the previous resistance zone (309-311)
Now look for the retest and make an entry (also consider the volume spike at the point of retest)
If so, make entry ONLY ABOVE 315 - 316 range and Go Long

target 1 : 325
target 2 : 333
target 3 : 345

(TIMEFRAME : 15 Minutes / SHORT TERM )

DISCLAIMER: The information I provided are only for "Educational and research purpose". THIS IS NOT THE BUY CALL.
DO YOUR OWN RESEARCH before entering any position. Trade sensibly! Happy Trading
Trade closed: target reached: @325 Target 1 Achieved! BOOOOM!!!
Trade active: Now look for the retest and volume
Dont make entry without looking anything
Wait for confirmation and Go Long!

Comments

It is mechanically . In actual it does not always retest fully . Better make it on Fibonacci ratio .
Reply
evnavinraj55 JagdishKumarPahuja
@JagdishKumarPahuja, this is purely based on price action. Price action is the most efficient one.
thank you!
Reply
evnavinraj55 Vikram2402
@Vikram2402, 15 Minutes
Reply
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