Risky trade - Sell Asian Paints below 1887.2 Short

ASIAN PAINTS LTDNSE

Description

⋅ Aug 19, 2020 8:31 AM

Sell - Asian Paints below 1887.2
Target - 1860 (Bollinger band center line )
Risky trade based on Bollinger Bands retracement strategy

⋅ Aug 20, 2020 3:51 AM

Exit as the stock made a low of 1865 at Bollinger band centre line .
It was a risky trade as stock was in a uptrend & we were trading against trend.