Simple Trade Setup | TATAMOTORS | 13-09-2021

9 Sep 2021

TATAMOTORS

Observations:

1)On 15 time frame, it had made bullish flag and pole pattern.

Please refer below chart : 15 time frame.


-------------------------------------
For POSITIONAL long trade, one can take long position for short term from CMP as far as it is trading above 295 level. Safe long position on sustainable breakout of 305.
SL will be 285 and target will be 330-340.

-------------------------------------

Trade Setup for Date 13-09-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.