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TATA MOTORS LTD

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TATAMOTORS trade ideas

TATA Motors Wedge breakout-- INTRADAYHello Fellow Traders, Hope you are doing well. Tata motors after big rally need to cool off a bit to fill the potential gaps that is around 287-288 which aligns with the Fib level 61.8 . We will definitely most likely see a small profit booking then jump to higher levels again my stops will be just above the wedge and Targets will be 300,288 but along the way I will trail the stop loss to BE as it goes in my favour. Short positions are risky. But, We have stops incase the market humbles me. We are good and let's see how it goes. Good Luck Traders
NSE:TATAMOTORSShort
by abhijitmeister75
TATA MOTOR SHORTHi i see a big resistance here earlier but didn't confirm until resist price. at this moment market is over extended on daily and a clear divergence on it. but it doesn't mean market go down must form there. coz market on up trend and buyer are happy to buy this stocks. so market is reactive not predictive. so now we have to wait for break this black trend channel. and go to test previous major area for a bullish market change to bearish market. then i mark all the area where market try drop and bounce area. and last drop area. see you next for update
NSE:TATAMOTORSShort
by gaziomar