Tata Motors - Weakness - Intermediate REVIEW
Hare Krishna !,
Had Sold the stock last week - ( Linked Related Idea )
The stock has dropped off since then but not as much i had expected though.
Other sells like BHEL,DHFL & Yes Bank have dropped like Bombs ( Linked Related Idea ).
We have reached decent way through to the Target 1 which is at 108 .
Now the Reason for the post is to my followers of the trade idea - It would be good to reduce risk on the stock and move stop loss to the suggested level in trade box Or you can book profits in the coming days and come out of the position.( It does not mean my sell outlook on the stock has changed...my bias is still to sell side only)
There are plenty of other great opportunities cropping up for which we may require to add risk on the table.
As a professional trader the most important is to manage risk.
Lets keep the Gun powder dry till an new opportunity to shoot comes through
Good Luck !
Had Sold the stock last week - ( Linked Related Idea )
The stock has dropped off since then but not as much i had expected though.
Other sells like BHEL,DHFL & Yes Bank have dropped like Bombs ( Linked Related Idea ).
We have reached decent way through to the Target 1 which is at 108 .
Now the Reason for the post is to my followers of the trade idea - It would be good to reduce risk on the stock and move stop loss to the suggested level in trade box Or you can book profits in the coming days and come out of the position.( It does not mean my sell outlook on the stock has changed...my bias is still to sell side only)
There are plenty of other great opportunities cropping up for which we may require to add risk on the table.
As a professional trader the most important is to manage risk.
Lets keep the Gun powder dry till an new opportunity to shoot comes through
Good Luck !
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