Tata Motors Long (Continuation ideas)
This idea is in continuation to previous long idea
Last lower low can become TRY for breakout (high possibility)
DISCLAIMER:Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stpcks or futures and sandeepkumarmeena is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.
This is one person’s experience, your experience may differ.
Last lower low can become TRY for breakout (high possibility)
DISCLAIMER:Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stpcks or futures and sandeepkumarmeena is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.
This is one person’s experience, your experience may differ.
Trade closed: target reached:
Done in opening..5 min.
Comment:
Expecting prices to descend again to lower levels in orderly fashion...if this happens we may find another long opportunity for short term. Original idea is still valid. We may look for trailing stop loss to higher level..depending on market structure.
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.
Comment:
Price consolidation in energy coil, more upside movement in coming days; keep stop loss at 110. we are into a high risk reward trade.
