Tata Motors-Butterfly Oil-Can it enhance performance -450-463

Nov 9, 2017

Butterfly Harmonic Pattern at 425 lows-9th Nov2017 - Above 445 for 450 - above 450 for 455 & finally above 455 to 463 - Keep trailing as you move upside.

Nov 10, 2017

Trade active

11:27 Hrs 10th Nov2017

Last Price@427

Double Bottom - Did you pick the motors - risk was almost zero.

Nov 10, 2017

Trade active

11:55 Hrs 10th Nov2017

Last Price@424

If lost 2 points below 425-426 Double Bottom as expected. Do not hurry up in trade - Wait for sometime.

Nov 10, 2017

Note

11:58 Hrs 10th Nov2017

Last Price@425

Likely it is close by so it always weeds out the trader at bottoms.

Nov 10, 2017

Trade active

12:15 Hrs 10th Nov2017

Last Price@422

Try to pick Motors only once it crosses back 425 again on upside.

Nov 10, 2017

Trade active

12:28 Hrs 10th Nov2017

Last Price@421-422

Butterfly has been modified & taken with lower boundary@161.8% which is allowed for PRZ (Potential Reversal Zone) - Also Channel is fitting this butterfly well. Looks like Butterfly in the frame. When something like this fits - you feel more confidence.
We could be near to the bottom but will allow markets to move first & show its intent then we move later.

Nov 10, 2017

Note

12:45 Hrs 10th Nov2017

Last Price@422.85

Making its 1st Attempt upside.

Nov 10, 2017

Trade closed manually

13:13 Hrs 10th Nov2017

Last Price@422

Channel likely should hold & moving above 425 shall confirm the upside move.

Take Care.