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shivam_55
Nov 11, 2020 9:55 AM

Bullish flag breakout 

TATA MOTORS LTD.NSE

Description

I do not have much to explain here, apart from this is how I got into this trade. the upside is still there. Target is between 160-170.
Trade accordingly

Comment

This trade is already up +10%, reaching our first mentioned target. I will exit around 170.
Trade accordingly

Trade closed: target reached

Trade Notes:
I have been monitoring tata motors for quite sometime before initiating this trade. Between 22nd and 29th October, I expected that 130 would act as a great support level since the price was moving already in an upward flag pattern. Although I should have waited for it to retest its support after exiting the channel pattern, I bought it at around 139 keeping the target of around 160. luckily it took off towards the target. Exiting today with a +20% gain within 6 trading sessions. I further seeing some upside because it looks like a long-term downward trendline has been broken.
Trade accordingly.
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