bhagat109

Tatamotors Reversal

Long
NSE:TATAMOTORS   TATA MOTORS LTD
Tatamotors has been on an uptrend after the March lows. It has very well crossed the 200 SMA with good volumes. It is retesting the 200 DMA as well as the new trend line that it has created. If the markets go green today, I'm pretty sure Tatamotors will continue its uptrend. Also the Stochastic RSI is showing oversold. NSE:TATAMOTORS
Target: 150
SL : Just below 200SMA on a closing basis.
Trade active: Strong reversal confirmed. Entered with half quntity. Will go heavy on pullback.
Trade active: Boy that was some strong move there.
Trade active: Trail SL @ 136 (low of the green candle.)
Trade closed manually: Trailing SL hit. Exited.
Profit: 6.76%

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