Long
Long Tata Global Beverages

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 295a236z
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a236z
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.