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Trading_hawk
Oct 17, 2021 7:10 AM

Simple Trade Setup | TATAMOTORS | 18-10-2021 [INTRADAY] 

TATA MOTORS LTD.NSE

Description

NSE:TATAMOTORS

Trade Setup for Date 18-10-2021:

Most of the levels will remains the same as per previous setup.

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Comments
Godatirajesh
I buy 560 call at 13 can I hold r exit and suggest for SL....
Trading_hawk
@Godatirajesh,
OMG, that is too far out of the money.

Only continues upper huge upmove can give you good profit.

Better to go with ATM or ITM or nearest OTM.

Since only 2 weeks are left for expiry so there will be time decay.

BTW I would like to know your reason for this position.
adithyavaradharaj
Is Same levels are applicable for tomorrows trade?
Trading_hawk
@adithyavaradharaj,
Yes. Immediate support is at 508 level and critical support is at 505 level.
But trade with strict SL. I am expecting a gap down opening near 504-505 level.
adithyavaradharaj
@Trading_hawk, can you share the analysis /Targets for tomorrow
Trading_hawk
adithyavaradharaj
@Trading_hawk, still waiting for your view on Tata motors for this month
Trading_hawk
@adithyavaradharaj,
Sorry bro. I couldn't post it yesterday.
I will post it today. 🙏
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