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WaveTalks
9 nov 2017 14:45

Tata Motors-Butterfly Oil-Can it enhance performance -450-463 Lång

TATA MOTORS LTD.NSE

Beskrivning

Butterfly Harmonic Pattern at 425 lows-9th Nov2017 - Above 445 for 450 - above 450 for 455 & finally above 455 to 463 - Keep trailing as you move upside.

Handel aktiv

11:27 Hrs 10th Nov2017

Last Price@427

Double Bottom - Did you pick the motors - risk was almost zero.

Handel aktiv

11:55 Hrs 10th Nov2017

Last Price@424

If lost 2 points below 425-426 Double Bottom as expected. Do not hurry up in trade - Wait for sometime.

Kommentera

11:58 Hrs 10th Nov2017

Last Price@425

Likely it is close by so it always weeds out the trader at bottoms.

Handel aktiv

12:15 Hrs 10th Nov2017

Last Price@422

Try to pick Motors only once it crosses back 425 again on upside.

Handel aktiv

12:28 Hrs 10th Nov2017

Last Price@421-422

Butterfly has been modified & taken with lower boundary@161.8% which is allowed for PRZ (Potential Reversal Zone) - Also Channel is fitting this butterfly well. Looks like Butterfly in the frame. When something like this fits - you feel more confidence.
We could be near to the bottom but will allow markets to move first & show its intent then we move later.

Kommentera

12:45 Hrs 10th Nov2017

Last Price@422.85

Making its 1st Attempt upside.

Trade stängt manuellt

13:13 Hrs 10th Nov2017

Last Price@422

Channel likely should hold & moving above 425 shall confirm the upside move.

Take Care.
Kommentarer
tradingwick
If im not mistaken its moving with along 9DMA.
RajKA
came out at the loss of 2.25 rs :(
WaveTalks
@RajKA, In markets if you cannot take risk of 5-10 points then likely it will tough trading as we never get bottom picks.
WaveTalks
@RajKA, By the way this won't be intraday call.
RajKA
@AbhishekHSinghCMT, sure Sir.. it was due to the reason that my other 2 calls were also in red and felt that market was overall trending down, exited. I should have traveled with you, but did it alone on this and as well as on auropharma I think :)
RajKA
jumped into it at 425 Abhishek for intraday
RajKA
can I enter tata motors now? I think I missed your comments earlier
WaveTalks
@RajKA, Better if it crosses 425 Mark upside with day low as stops.
VPS
Do you look for confluence of several factors and then take the trade?
WaveTalks
@VPS, Yes. Confluence always add value.
Mer