Short
Tata Motors DVR : Fibonacci 50 % Resistance
Updated
Based on Principles of Fibonacci Retracement and Extensions.
Period :Medium Term
Trend:Down Trend
Start Period and Price : 261.50 / 06-Nov-17
End Period and Price: 217.75 / 18-Dec-17
Based on Fib 50 % Retrenchment
Based on Fib 50 % Retrenchment at Resistance level
Entry : 240 (+/-)2
Stop loss : 248.50 (Strict)
Target 1 : 222 ( Also Use this price to tighten Stop)
Target 2 : 217
Reward to Risk Ratio : 2.1:1
Period :Medium Term
Trend:Down Trend
Start Period and Price : 261.50 / 06-Nov-17
End Period and Price: 217.75 / 18-Dec-17
Based on Fib 50 % Retrenchment
Based on Fib 50 % Retrenchment at Resistance level
Entry : 240 (+/-)2
Stop loss : 248.50 (Strict)
Target 1 : 222 ( Also Use this price to tighten Stop)
Target 2 : 217
Reward to Risk Ratio : 2.1:1
Trade active
@239 Trade ActiveSL : 248.50
Trade active
Trade closed: stop reached
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