NEXT TARGET IS 272, ONCE IT CLEARS THE 257 LEVEL.
MONEY FLOW IS INDICATING MONEY ENTERING AT THESE PRICES AT HEAVY VOLUMES.
IF IT REACTS THEN 238 IS THE LOWER LEVEL, IF 242 IS BREACHED.
WAIT AND ENTER AT LOWER LEVELS ONLY.
HOW TO EXIT THIS TRADE ?
THERE IS NO TARGET ON THIS TRADE ITS RATHER BASED ON TREND FOLLOWING SYSTEM .
WE HAVE TO CONTINOUSLY SHIFT OUR STOP FOLLOWING THE TREND .
FOR EVERY PRICE MOVEMENT SHIFT YOUR STOP UP UNTIL ITS BREACHED .
HOW TO FIND THE STOP ?
STOP = CMP - 2*(ATR)
FOR EXAMPLE ON THE CURRENT DAY :
CMP - 253.45
ATR - 8.3
STOP = (253.45)...
Buy above 238 with stop loss of 228 for target 260 & 268
Tata Global Beverage has reversed the downtrend with inverse H&S pattern on all time frames. Volume was very high on breakout. RSI is in comfortable zone. After breakout from H&S, now it has formed bullish Flag which is a continuation pattern. Breakout of flag will be above 236 but for margin of saftery,...