Buy Tataglobal with a SL of 176 and potential targets of 198.
Adjust trading volumes as per entry price.
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Tata Global seems to be trading in a downtrend channel.
Given the current setup, the stock may likely fall towards 192-188 zone
216-220 zone could likely act as resistance going forward.
Take care and safe trading...!!!
One may consider selling between 203-208 for Target of 194/ 185/176/168.
Keep a Stop loss if stock is closing above 212
Alternatively one may consider the following FNO Strategy.
sell Tata Global December expiry 210 Call option around 5.85 giving a profit potential of RS 13162.50.
Loss in strategy if Tata Global trades above 215.85 on...
There seems to be some kind of pattern formation in the stock.
ABC, Leg is done D is getting made.
Though i believe , Stock has bottomed out with RSI giving good signs of it.
Still Price action is telling for some 2 -3 Rs down.
If you see level 210-211 enter for the mentioned prices . if you see good signs of reversal.
Disclaimer : Not an investment advice.
Based on my xMRSI-Progresser predictive trading methodologies, its going to be a RED candle on 05-Nov-2018 for TATAGLOBAL
Sell Below(5Min candle close): 217.1 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and...