Long Tata Global Beverages
Updated
RSI bottomed out and market shows strength to the upside. Market broke above the previous swings and took a position on the long side with stop at 270.
Trade active
Updating stop to 280Trade active
Overall the setup looks good. At the moment ATR is 7 which means this market requires a 14 point stop. Want to give some room for the price to play out so will purchase more if market allows at 280 and pushing the stop back to 270.Trade closed: target reached
Booked profit at 295
a236z
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