165 is the magical number for Tata Motors

٨ يونيو ٢٠١٩

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 !!

٨ يونيو ٢٠١٩

ملاحظة

Presently Tata motors is trading @ 169

Look for a daily close below 165

Remember it is the closing price which is important

٨ يونيو ٢٠١٩

ملاحظة

if you like this idea - DO click on the like button so that we will be motivated to publish more such posts

١١ يونيو ٢٠١٩

ملاحظة

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

١٩ يونيو ٢٠١٩

ملاحظة

Say hip hip hurray

the first target is reached -

wait for the second target