TradingEdge_Academy

TATA MOTORS LTD - TRIANGLE PATTERN!!

NSE:TATAMOTORS   TATA MOTORS LTD
TATA MOTORS LTD. #TATAMOTOR

- MOVING IN A NARROW RANGE
- TAKING SUPPORT FROM 100EMA AND THE TRENDLINE
- FORMED A TRIANGLE PATTERN ON 30 MIND CHART

INDICATORS:
RSI - 50-LEVEL; SiDEWAYS
CVD - NEGATIVE
TT2 TOOL IS BULLISH

COMMENTS:
1. IF UPSIDE BREAKOUT IS GIVEN
BUY ABOVE 109.6
SL 100EMA
TGT 111.25/112.6/114.25

2. FOR DOWNSIDE BREAKOUT
SELL BELOW 104.35
SL 100EMA
TGT 102.8/100.45/99

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.

-
Garey
Whatsapp - +91 9999 504 500
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