Thursday, January 9, 2014

An unique Pair Trade

This is a combined chart of Tata Steel 410 CE and Tata Motors 360 PE.

The pair is showing a bottoming out formation near 11.

One can buy BOTH for a combined total near 13.5, with sl below 11.

Below the Sl, one can exit the leg which is going against the trade, and ride the one going for.

PLEASE IGNORE THE LABELS AND TITLE ON THE CHART ! 

 

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