TATA MOTORS LTDPanjang
Tatamotors. Go long to appease the bottom fisher in you.
Telah dikemas kini
#Tradeideas #tatamotors :
Just to appease the bottom fisher inside you one can try going long at this juncture.
Tata Motors at crucial support. Forming a green candle at that region, could be a potential reversal. Entry is possible at this stage with a small quantity. More like a probe quantity.
Do not risk more than 5% in this trade in my opinion. If we are catching the reversal then the reward is high. That is the sole reason for sharing this idea.
Remember, these could go against the trade:
🔴Bad Q2 results.
🔴Weak Market sentiments.
🔴Need more confirmation of a reversal.
🔴Way below all Key DMAs.
🔴Bearish Structure.
If you weigh in everything this is a low-probability trade. So risk less. This is just a view and not a recommendation.
Just to appease the bottom fisher inside you one can try going long at this juncture.
Tata Motors at crucial support. Forming a green candle at that region, could be a potential reversal. Entry is possible at this stage with a small quantity. More like a probe quantity.
Do not risk more than 5% in this trade in my opinion. If we are catching the reversal then the reward is high. That is the sole reason for sharing this idea.
Remember, these could go against the trade:
🔴Bad Q2 results.
🔴Weak Market sentiments.
🔴Need more confirmation of a reversal.
🔴Way below all Key DMAs.
🔴Bearish Structure.
If you weigh in everything this is a low-probability trade. So risk less. This is just a view and not a recommendation.
Dagangan aktif
Support broken and closed. If not reversed from this level soon then 700 could be the next stop. Very close to SL level 0f 5%
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.