KPIT short setup

Short KPIT below 286

T1: 265
T2: 250
T3: 232

SL: 298
Trade closed: target reached: .

T1: 265 achieved
Comment: .
T3: 232 achieved

Trade closed: target reached: Booked 21, 36 and 54 points profits by risking 12 points!


Ideally you should have gone short once the parallel channel support was broken. Interested to know the reason behind "Short below 286".
k314 Rasika_S_Patel
@Rasika_S_Patel, There are so many conditions to be met before taking a position. Here its just not the channel bottom breakdown but also the major support at 286 breakdown and few other conditions too.
Nice one. The SL @ 298 would be steep for most small traders in futures. The alternative less risky way would be to short after the pull back to 286 support turned resistance, after the breakdown below 286. It is likely to make a pull back to 286 before it falls below 278. In that case the SL height could be reduced by half &still relatively less likely to hit.
Great pick.
+1 Reply
k314 piyushrawtani
@piyushrawtani, Thank you
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