AbhishekHSinghCMT
Long

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

NSE:TATAMOTORS   TATA MOTORS LTD
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.
Trade active: 11:27 Hrs 10th Nov2017

Last Price@427

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

snapshot
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.
Comment: 11:58 Hrs 10th Nov2017

Last Price@425

Likely it is close by so it always weeds out the trader at bottoms.
Trade active: 12:15 Hrs 10th Nov2017

Last Price@422

Try to pick Motors only once it crosses back 425 again on upside.
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.
snapshot
Comment: 12:45 Hrs 10th Nov2017

Last Price@422.85

Making its 1st Attempt upside.
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.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
If im not mistaken its moving with along 9DMA.
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came out at the loss of 2.25 rs :(
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@RajKA, In markets if you cannot take risk of 5-10 points then likely it will tough trading as we never get bottom picks.
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@RajKA, By the way this won't be intraday call.
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RajKA AbhishekHSinghCMT
@AbhishekHSinghCMT, sure Sir.. it was due to the reason that my other 2 calls were also in red and felt that market was overall trending down, exited. I should have traveled with you, but did it alone on this and as well as on auropharma I think :)
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jumped into it at 425 Abhishek for intraday
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can I enter tata motors now? I think I missed your comments earlier
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@RajKA, Better if it crosses 425 Mark upside with day low as stops.
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Do you look for confluence of several factors and then take the trade?
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@VPS, Yes. Confluence always add value.
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