Tata Motors 5 Min Chart

On the 5 Min intraday chart, Tata motors had formed a rising upward channel which is a sign of bullish reversal. As we have seen Tata Motors is trading at the lower side & trading in a downtrend that gives decent opportunity to go short at high especially when you know bears dragging the market down for an intraday basis also.
Therefore, I took a short trade on tata motor as the price has broken the channel and started trading below 20 ema as per my trade setup other parameters.
Short initiated at 160.60 which was near today high & booked profit at 158.05.



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