TATA MOTORS LTDLong
Swing trading idea on TATAMOTORS
TATAMOTORS has been trading within the channel pattern for quite some time now. With the formation of hammer at the support level indicates an ideal entry point for a short swing with target at next resistance level. Entry can be held just above todays high that would provide an ideal risk reward of 1: 2.5. There are quite a lot of stocks that has given entry at key support levels unfortunately, I couldn't name it all here as I study every stock individually.
If you like this idea, please boost this idea or leave a comment down on what you think. Otherwise happy trading :-).
If you like this idea, please boost this idea or leave a comment down on what you think. Otherwise happy trading :-).
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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