EagleVision8

Simple yet Powerful trade

Short
NSE:TATAMOTORS   TATA MOTORS LTD
REPOST

Achieved 13% return on short call given on TataMotors within a week. Perfect positional trade with a simple yet powerful concept of trading: RSI Divergence and Trendline breaks

Time stamps for trades on previous post:


Short at 198-200/
SL: 210
Targets 190,185,180

Jan 14
Trade active
Jan 18
Trade active: Market actively trying to consolidate,
waiting for a good fall from break of trendline in next week
However if all goes green and market continues favoring the bulls, i would suggest a SL of 206 for~ 3% loss
210 for~ 5% loss
Entry Point 200

Jan 22
Comment: Target 1 & 2 reached. Book part profit if you want to

Jan 24
Trade active: New target for Fat profits at 175
Since we are safe from making a loss on this one, i have booked 50% profits at 7%~move 200>185
The remaining position is left to trigger at Target 175/SL 192.
Guarenteed 6% return on the position taken
Jan 28
Trade closed: target reached: Fat
Trade closed: target reached: Falling even more!
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