Today I made it more clear for you guys and marked the zone from where you should enter into the trade.
Reason: 345 is a major resistance zone for TATAMOTORS and price got rejected from here today. A down ward trend line and price is below 20 MA.
345 to 346 is your Entry zone as marked in the chart. Stop loss would be above 348. RISK TO REWARD is more than 1:1 . Target would be 340. .
NOTE: USE 5 MINUTE CHART FOR THIS TRADE. DO YOUR POSITION SIZING CORRECTLY. DRAW THE LEVELS IN YOUR CHART AS WELL. DON'T BECOME GREEDY. DON'T TRADE IN FOMO IF YOU MISS THE RIGHT ENTRY. THERE WILL BE ANOTHER OPPORTUNITY TOMORROW.
Trade closed: target reached
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Target is reached with 0.50 points difference in the first 10 minute of opening.