Intraday Trade Series #2 - Tata Motors

6月19日

Tata Motors recently completed a significant ABC correction, with Wace C finishing during the market crash on election result day. A new impulse wave seems to be underway in the stock, where minor wave 4 ended with a flat correction. This sets up a potential intraday trading opportunity with a favorable risk to reward ratio. The chart indicates entry point, stop loss, target, and wave counts. It is advised to close the position before the market closes, without any intention of carrying the trade forward. Furthermore, as we near the options expiration for the month, it is suggested to avoid trading in stock options due to the physical delivery of stocks.

Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise

6月20日

ノート

The stock continued to consolidate throughout the day following an initial upward movement. We will assess the possibility of entering into a new trade in the upcoming week. I will keep you posted

6月27日

ノート

Tata motors is giving a good opportunity for swing trade with SL below 945

Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise

7月1日

ノート

Tata motors has made of high of 1005 (our target is 1010). We can plan to book some profits at this level and trail our stop loss above cost. The stock might get into consolidation. We can again add some position based on the future developments. I will keep you posted

7月30日

ノート

Our trailed positions have yielded favorable profits. We are now able to adjust the stop loss to 1100 levels.