SHORT TATAMOTORS @ 730 - 740 Short

TATA MOTORS LTD.NSE

Description

⋅ Dec 23, 2023 8:55 AM

Tata Motors trading in a channel and facing resistance near upper line of the channel. Sell trade can be initiated @ 730 - 740 with SL above 760 for the targets of 680 & 650.

To motivate us, Please like the idea If you agree with the analysis.

Happy Trading!

Trade closed: stop reached

⋅ Dec 29, 2023 5:32 AM

Comments

Vasukipriya

⋅ Dec 29, 2023 9:08 AM

I would say, breakout at 735 was entry point with target of 800

InvestPro_India

⋅ Dec 29, 2023 2:29 PM

@Vasukipriya, We went for short with 30-40 points SL and booked loss.

Munish_Jain

⋅ Dec 28, 2023 7:10 PM

it is a multi year breakout..

InvestPro_India

⋅ Dec 29, 2023 2:30 PM

@Munish_Jain, Yes, but was looking for some correction.

kumarbhanu

⋅ Dec 29, 2023 4:55 PM

anyone who must have shorted will be in a mess today...

InvestPro_India

⋅ Jan 1, 2024 4:58 AM

@kumarbhanu, Shorted with 20 points SL for 60 points target, it didn't work but trading is all about risk reward and risk management.

Ryann_1990

⋅ Dec 23, 2023 9:24 AM

The stock giving strong rally sir, not going to short but will observe this idea.