Tata Motors (Time to caution)- Push trade in long setup?
Tata motors is conserving energy for another up move in (Energy coil) upward channel ormation; at the same time it is at the edge of the valley. sellers are sitting here. A Push trade opportunity? overall price slope is upward, hence as of now Long position is valid. May look out for selling a weak shoulder, if market permits.
For Push trade Target would be Red Median line of Pitchfork.
Trail stop loss of original trade is also at very low level (below 110)
Old ideas are linked, for understanding other trade opportunities this stock had given.
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 stocks or futures and sandeepkumarmeenagreaternoida 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.
For Push trade Target would be Red Median line of Pitchfork.
Trail stop loss of original trade is also at very low level (below 110)
Old ideas are linked, for understanding other trade opportunities this stock had given.
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 stocks or futures and sandeepkumarmeenagreaternoida 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.
Comment:
Prices are past Push trade area. Next target is Red median line.
Comment:
If behaviour changes exit all longs and initiate Short position. Can consider shorting Tata motors weak shoulder.
If behaviour changes exit all longs and initiate Short position. Can consider shorting Tata motors weak shoulder.
Comment:
This is one fine example of High probability swing trading using andrew's technique. Inception of such favourable Risk reward ratio trades starts with very simple idea.
Next target can be either of parallel's, for direction let market give some clues.
Trade closed: target reached:
BEHAVIOUR CHANGED TRADE CLOSED.
Comment:
Major in Making...short position of Tata Motors while out there is a bull run in Nifty..Do you have faith in your system?
Comment:
considering shorting the stock ant retest was a bad idea; where would i place stop loss?
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Comment:
I love Tata group stocks...They all behave in same fashion.
