Overall structure for Tata Motors is positive and bearish wide range candles are missing since the past 2-3 sessions, showing that the demand is more than supply and hence price can rally higher. This setup is for intraday trading in tomorrow's session but the structure remains positive on the larger time frame and we can expect move towards 160-165 in the coming sessions.
I will enter once the trendline is broken but if I were risk-averse, I would go long above 149
Target is 150, 152
SL is mandatory and should be according to your risk management
My process for intraday trading is as follows:
1) Determine the overall structure of the stock/index
2) Find a reason why you want to take a trade and this should be fulfilled before you put in your trading order.
3) Once in the trade, use active risk management and have control your emotions while in the trade so the fear and greed do not take over rational thinking
Sometimes emotions can take over your mind and cause an excellent setup to fail. Having control over your emotions takes time but will help you in the long term.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
I will enter once the trendline is broken but if I were risk-averse, I would go long above 149
Target is 150, 152
SL is mandatory and should be according to your risk management
My process for intraday trading is as follows:
1) Determine the overall structure of the stock/index
2) Find a reason why you want to take a trade and this should be fulfilled before you put in your trading order.
3) Once in the trade, use active risk management and have control your emotions while in the trade so the fear and greed do not take over rational thinking
Sometimes emotions can take over your mind and cause an excellent setup to fail. Having control over your emotions takes time but will help you in the long term.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
Trade closed: target reached:
Both the targets have been reached, trade has been closed
