Tata Motors 5 Min Chart

Tata Motors was rallying since the last couple of days but on Friday it has formed a large shooting star candle on the daily chart that's a clear sign that near to its Friday high bear took control of this stock.

However, On Friday evening it's closed near the day low which is quite an obvious thing for the stock after bears controlled on the stock.

Therefore, On 16 Dec 2019, I was waiting for the stock when it will reach today high & make selling pressure shows a red candle on the 5 min chart & fulfill my all setup parameter to initiate my trade.
I took short at 177.50 & booked profit @ 175.15 with 1:2 RISK/REWARD.

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