Sunday, 23 December 2012

Why to SHORT Tata Motors ?

(Trader's All time favourite)
TATAMOTORS :

Close below 5 ema.
Daily Candlesticks since 2 days have engulfed the bullishness.
MACD posting Negative Divergence in Daily.
RSI direction : Cooling off from Overbought Levels.

First Target : Kiss to 13 ema , spot 290
Stop Loss as per your risk capacity.


P.S. : Tata Motors is a high beta sattori stock and near to expiry it is capable enough of bluffing the smartest of traders. Trading without SL is nonetheless digging your own pit.

SS

No comments:

Post a Comment