Sell tata motors for target of 265 at Market price Short

TATA MOTORS LTD.NSE

Description

⋅ Jul 28, 2021 1:18 PM

Hello Traders,

Tata motors has breached weekly resistance and seems strongly bearish. I recommend selling it for target of 265.

Trade setup:
Sell Tatamotors future 26-August Expiry.

Sell price: 284-286
Target: 264
SL: 304.60

Comments

guptaaditya24

⋅ Jul 29, 2021 2:16 PM

Depends on how you see its move. Support and resistance are the same bars/ines.
Since it has been going below EMAs 9 and 21 both, I see it as a bearish pattern and thus going short on it.

ChetnyaPrabhkr13

⋅ Jul 29, 2021 1:02 PM

no man we should be buying it for target of 340 to 350. that's the support and ut will ho up from here

guptaaditya24

⋅ Jul 29, 2021 7:15 AM

Short now. It has again rejected both EMAs