TradingView
sankarghatak
May 14, 2017 7:26 PM

TATAMTRDVR Nearing Trend Reversal Long

TATA MOTORS LTD.NSE

Description

TATAMTRDVR Nearing Trend Reversal
TATAMTRDVR:
Showing Strength to Reverse Trend.
Published in Weekly Time frame
Viewers Also Change time frame to Daily.
Intraday Levels:
RES.: @ 265.9, @ 267.5, @ 270.1, @ 272, @ 273.70
SUP: @ 262.1, @ 260.5, @ 257.8

Can PAIR Trade With HDFC..
LONG: TATAMTRDVR, SHORT: HDFC
Comparison criteria:
Jensen Alpha, Sharp Ratio, Treynor Ratio, Beta D,

Trade Set UP:
Buy TATAMTRDVR, Range @ 265.3 to 266.3,
& Hedge with a PUT option strike, equal OR less than 260 Strike
Sell HDFC, Range @ 1555.8 to 1549.2
& Hedge with a CALL option strike, equal OR greater than 1580 Strike


Comment

TATAMTRDVR: @ 271.5+
made a HIGH @ 271.90
Tested Mentioned RES. @ 272.

Above @ 273.70 next levels Are
@ 274.3, 276.35- @ 277.8 (Strong), @ 281.75+
later Updated.

Trade closed: target reached

Traded @ 283+
Achieved all TGT.

Trade closed manually

In case of Pair trade
Per lot Profit more than 50K.
Comments
cajatinnagpal
Nice one.
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