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