165 is the magical number for Tata Motors
A daily close below 165 is a great shorting opportunity
Why 165 ?
because 165 is the number on daily chart where it has formed a support / resistance three times in the past
What should be the stop loss ?
Simple - a daily close above 165
what should be the target ?
Targets should be taken along the way up-to 150/155 !!
Why 165 ?
because 165 is the number on daily chart where it has formed a support / resistance three times in the past
What should be the stop loss ?
Simple - a daily close above 165
what should be the target ?
Targets should be taken along the way up-to 150/155 !!
Komen:
if you like this idea - DO click on the like button so that we will be motivated to publish more such posts
Komen:
we still have not got a daily close below 165.
yesterday price went below 165 but closed above 165
so trade not active yet
Hope you understood the importance of DAILY CLOSING VALUES
yesterday price went below 165 but closed above 165
so trade not active yet
Hope you understood the importance of DAILY CLOSING VALUES
Komen:
Say hip hip hurray
the first target is reached -
wait for the second target
the first target is reached -
wait for the second target
Look for a daily close below 165
Remember it is the closing price which is important