UnknownUnicorn5412484

Tata Motors continuation idea

Long
NSE:TATAMOTORS   TATA MOTORS LTD.
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This is one person’s experience, your experience may differ.

Continuation to last ideas posted.
Comment:
Energy point worked perfectly...target reached in morning hour itself.
Comment:
SECOND ENERGY POINT TOO WORKED PERFECTLY..BOTH SAME DAY
Trade active:
Iadded more position @103 with trailing Stop loss@101
Comment:
will move stop loss to 102.25; market structure is about to change in comming weeks; prices may breakout either way from symmetrical triangle consolidation pattern.
Comment:
Breakout of symmetrical triangle consolidation pattern; and satisfied the level (roughly 3%, same as head and shoulder breakout - as per classical chartist Edwards and Magee). Move Trailing stop loss to 110, last swing low.
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