Tata Motors - Price Action

٢٨ يونيو ٢٠٢٠

Chart speeks for itself.

٢٩ يونيو ٢٠٢٠

ملاحظة

Wait for reversal from lower parallel

٣٠ يونيو ٢٠٢٠

تم فتح الصفقة

long initiated

٣٠ يونيو ٢٠٢٠

ملاحظة

at 98.75, stop loss is 90; we are looking for risk reward of 1:5 or more.

٢ يوليو ٢٠٢٠

ملاحظة

Move stop loss to cost@ 98.75, previous swing high breached.

٣ يوليو ٢٠٢٠

ملاحظة

Market moving in our direction. Depending upon market structure,SL will be modified. Profit target is upper parallel or beyond, depending up on market structure in coming days. Risk reward less than 1:5 is bad.

١٤ يوليو ٢٠٢٠

تم فتح الصفقة

Second entry @105

١٨ يوليو ٢٠٢٠

تم فتح الصفقة

shift stop loss of both first and second entries below last swing low @ 100

٥ أغسطس ٢٠٢٠

ملاحظة

Breakout of symmetrical triangle consolidation pattern; and satisfied the level (roughly 3%, same as head and shoulder breakout - as per classical chartist Edwards and Magee). Move Trailing stop loss to 110, last swing low.

٧ أغسطس ٢٠٢٠

ملاحظة

Range break out and Price consolidation in energy coil. more upside in coming days, keep strick stop loss at 110, no need to move up. Risk reward in this trade weill be very high. if we are lucky we may see 1:20 or more because we are looking for doubling of ranges.