aks85
Long

Tata Motors- Taking Support On Channel- Buy Setup

NSE:TATAMOTORS   TATA MOTORS LTD.
66 views
2
66 1
As observed the price is moving in an ascending channel and this has been a buying opportunity whenever price has taken support on the lower band of the channel. Price since Feb 2016 has not been able to break the channel, taking multiple supports on it making a very strong support over time. It has also taken support at 50 day SMA .
Also, lately the price has been contracting in a symmetrical triangle, awaiting a breakout.

Aggressive traders can enter the setup while conservative traders can wait for the confirmation of the break out of the triangle.

Trade closed: stop reached: Trade closed.
How can I place the rectangular channel correctly after I have published an idea? Can't figure out why it got out of place.
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out