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Navinraj_Varatharajan
Apr 8, 2021 7:53 AM

Buy opportunity at TATAMOTORS Long

TATA MOTORS LTD.NSE

Description

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