TATMOTORS has completed a 5-wave impulse structure on weekly. The 5th of the 5th wave is ending diagonal clearly visible on 15-minute chart (pls see below). So: short near 468 stop loss 472 target near 444 per 15-minutes chart / between 425 and 375 per weekly chart
Position initiated yesterday at 466 spot/468.3 current month future Today's update: stop loss lowered to 462
15-minute chart:
交易结束:到达目标
TARGET ACHIEVED...!!! TATAMOTORS made a low of 444.5; position closed. PROFIT = 468.3-447 (JUN future price for closing) = 21.3 points Profit of INR 31,950 on margin of ~INR 120,000 i.e. 26.6% in 6/9-6/13 = 5 days!!!