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UnknownUnicorn5412484
28 มิถุนา 2020 เวลา 9 นาฬิกา 56 นาที

Tata Motors - Price Action เพิ่มขึ้น

TATA MOTORS LTD.NSE

คำอธิบาย

Chart speeks for itself.

ความคิดเห็น

Wait for reversal from lower parallel

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long initiated

ความคิดเห็น

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

ความคิดเห็น

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

ความคิดเห็น

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.

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Second entry @105

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

ความคิดเห็น

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.

ความคิดเห็น

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.
ความคิดเห็น
UnknownUnicorn5412484
This is my trading journal i am sharing with everyone based on my analysis. These are purely for educational purposes.
UnknownUnicorn5412484
Clearly prices are consolidating between 110 and 92.....if prices touch lower parallel again and shows reversal sign , we take second entry with stop loss few points below our first entry price @ 98.75. Probability of prices touching median parallel line is 80%. that makes it to break the present range and we can expect doubling of ranges after that...but that is too early to say...let market reveal iteself what it beholds for us.
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