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stocksinboxx
May 6, 2017 6:14 AM

TATAMOTORS.......SHORT ??? Short

TATA MOTORS LTD.NSE

Description

TATA MOTORS HAS CLOSED BELOW THE IMPORTANT SUPPORT ZONE ON THE DAILY BASIS. IF IT OPENS LOWER ON MONDAY...THE IMMEDIATE TARGET SHOULD BE AROUND 403 & THE FINAL TARGET WOULD BE AROUND 371. ALL SAID AND DONE IF YOU WERE A PROFESSIONAL TRADER...YOU WOULD HAVE IDEALLY SHORTED AT THE 38.2 % FIB LEVEL WHEN IT FAILED TO BREAK 480 FOR MANY DAYS . SHORTING AT THE LOWS IS OFTEN RISKY....BECAUSE THE STOPLOSS LEVEL (465) IS VERY FAR. I WOULD RATHER WAIT FOR A RETEST OF THE SUPPORT ZONE OR THE DOWNWARD TREND LINE TO INITIATE A SHORT. THIS IS JUST MY VIEW.....YOU ARE FREE TO COMMENT.
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mm8779
Perfect
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