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    Tatamotors Can top out @ 1060 , Sell it

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    mr.traderji

    Posts : 954
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    Join date : 2009-01-12

    Tatamotors Can top out @ 1060 , Sell it

    Post  mr.traderji on Thu Aug 26, 2010 9:00 am

    Looks like Tatamotors getting ready to top out , it has run up massively from 100 all the way to 1000 .

    Level of Control (yearly ) @ 1063

    Fresh longs advisable only above 1063

    Case 1 : Not Able to Cross 1063 ? target is 850-725

    Now for the Time being lets go short around 1015-1025 levels with a stoploss @ 1050 Risk of just 25 -30 pts

    i.e By trading 1lot in futures max loss of Rs : 15,000Rs & Profit potential of Rs 90,000-1,45,000 Rs

    Case 2 : Hits the stoploss

    Suppose this trade fails & hits the given sl , just book loss

    & Wait for it to Cross 1063 & we can take fresh longs with sl 1030 for a target 1350-1475

    here to max risk of Rs :15,000 & profit potential of 1.75 Lakh to 2.1 Lakh

    Its a Trade Both way ! take care & good luck

      Current date/time is Fri Nov 16, 2018 2:17 am