vanathi

Tata Motors - June 22 Day Trade!

NSE:TATAMOTORS   TATA MOTORS LTD
297 7 11
Buy above 461.5 with the stoploss of 459. Targets are 465, 468 and 471. Sell below 459 with the stoploss of 461.5. Targets are 455, 451 and 448.
Now we are going to see the trading rules. 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal.
Note : My trades will get activated and closed as per the trading rules. I will add trading rules as I develop my trading system "Vanathi Waves".
Trade active: Short. Didnt go long as first 15 mins high didnt break.
Trade closed: target reached: Closed at 453. Gain = 6 pts. During one direction movement most of the time 15 mins high/low wont be broken. We are adding it as our 5th trading rule. Enter when the 15 mins high/low gets broken.
Hi vanathi, welcome back. Are we long or short in this?
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vanathi abhinavk31
@abhinavk31, Technically long. But price is not moving anywhere so far.
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abhinavk31 vanathi
@vanathi, ya resistance around 462-63
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vanathi abhinavk31
@abhinavk31, Oh ok. But price not even crossing 462.
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@vanathi, your views on script is very accuracy,can you share your opinion on CenturyText
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vanathi philiposanand
@philiposanand, Will check and post.
Reply
@vanathi, Thanks
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