Short Term - TATA MOTORS

dravya Updated   
Here's a potential long setup .

CMP - 513.55

Buy close to 509, whatever market gives.
SL - 505 ( 4 Rs )
Target 1 - 518
Target 2 - 531

This is according to a strategy I learnt in an expensive professional course. Let's see.

Trade active: I am entering now at 508.5
Comment: Market and Nifty is not moving, quite flat, getting very difficult to find good trending moves. Let's see what comes in next week. Keep this stock in radar.
Trade closed manually: I closed the trade on 507 incurring 1.5 Rs loss , around 0.3% . Which is completely alright :)

And potentially, it were supposed to be 505 which any layman could have exited , even then, he incurs 3.5 Rs loss on a 500+ Rs stock which is fine.

We will find much bigger winners to compensate for small loss.

The buying interest has dried up. Have to get very stock specific.
Comment: Wow.
Once again, we got saved by the large downfall impending.

That's an important lesson revisited. Cut your losses fast.

Imagine what would happen if we didn't.
We would have suffered around 40 rs loss and it would take multiple trades to cover that loss which sucks.

It's better to take reverse trades but I'm not quite ready to take them if a setup fails. Will try to inculcate that.

And about that expensive course, it's not working . My lines were giving better results.


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