165 is the magical number for Tata Motors

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 !!

Commento:

Presently Tata motors is trading @ 169

Look for a daily close below 165

Remember it is the closing price which is important

Commento:

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

Commento:

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

Commento:

Say hip hip hurray

the first target is reached -

wait for the second target