TRADEWITHFUN247

Tata Motor is heading for a big breakout

Long
TRADEWITHFUN247 Updated   
NSE:TATAMOTORS   TATA MOTORS LTD.
As our trade going good it is the time to trail our SL
Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction. ... One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price.

A trailing stop is an order type designed to lock in profits or limit losses as a trade moves favorably.
Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction.
A trailing stop is a stop order and has the additional option of being a limit order or a market order.
One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price.
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