165 is the magical number for Tata Motors

Jun 8, 2019

A daily close below 165 is a great shorting opportunity

Why 165 ?

because 165 is the number on daily chart where it has formed a support / resistance three times in the past

What should be the stop loss ?

Simple - a daily close above 165

what should be the target ?

Targets should be taken along the way up-to 150/155 !!

Jun 8, 2019

Note

Presently Tata motors is trading @ 169

Look for a daily close below 165

Remember it is the closing price which is important

Jun 8, 2019

Note

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Jun 11, 2019

Note

we still have not got a daily close below 165.

yesterday price went below 165 but closed above 165

so trade not active yet

Hope you understood the importance of DAILY CLOSING VALUES

Jun 19, 2019

Note

Say hip hip hurray

the first target is reached -

wait for the second target