InsiderB
Long

TaMo : Available for Upside Ride ?!

NSE:TATAMOTORS   TATA MOTORS LTD
If you go n check on larger time frame TaMo is on very good support & with Bullish Bat patter completion around the support zone . So, its ideal for us to expect a move towards 450's zone.

But if you notice keenly, risk-reward will be skewed on this particular setup as we had gapup open today in Tata motors, so if you wanna tackle that comfortably Go down on 1 hr timeframe, there is good rectangle like channel, though it looks cramped on 4hrs chart. So, if one goes by it one can achieve comfortable risk-reward but you need to ditch harmonics.
The Point is if you are trading harmonic as setup, place harmonic stops. If you are trading channels, go for stops based on it, Don't mix n match here as Risk-reward will get skewed :)
Comment: Though it started slow, Getting well n good & This is what harmonic is :)
Comment: Get ready to book profits, TataMotors reaching for 450's
Comment: Targets done, trial for 460's on remaining if you wish to.
nice move, Thanks for the recommendation ..
+1 Reply
We r Waiting
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thanks (specially for last line in post) cheers !!! :)
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InsiderB ace2009
@ace2009, Thank you ! :)
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How you come up with 450 target, is it retracement 61.8?
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InsiderB raoadnan84
@raoadnan84, Either by fibs or resistance like sbi trade :)
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Sir Your nifty information is very helpful to us but please my request to you sir please post nifty information before market opens is very helpful because your post comes after 10.30-11am its became late to trade please it's my humble request to you sir
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@Ajju, I'm glad that posts are helpful to acquire some information, I'm posting around 8.30 am to 9.30 am everyday, you can see that by post timings also. Cheers :)
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Ajju InsiderB
@InsiderB, thanks for reply sir please try to post information yesterday of tomorrow nifty position it's my request .thank you
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@Ajju, hmm, Should I laugh or is it serious :)
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