KPIT short setup (risky counter trend trade)

Jan 30, 2018

Short KPIT at CMP (218+)

T1: 200
T2: 190

SL: 225

Jan 30, 2018

Trade active

Bollinger bands upper band tag + MFI class C bearish divergence
Setup only for aggressive traders.

Jan 30, 2018

Note

KPIT facing strong resisitance at CMP (221+). Its evident from the candle formations hanging man and doji.

Jan 31, 2018

Trade active

Conservative traders can book partial profit at CMP (211+) with SL at cost

Feb 1, 2018

Trade active

Made a low of 204.35 so far

Feb 2, 2018

Trade closed: target reached

.
T1: 200 achieved
Missed T2: 190 by 2.95

Feb 2, 2018

Trade active

It was an amazing ride Rs. 18-20 target with just 7-5 risk

Feb 6, 2018

Trade closed: target reached

.
T2: 190 achieved
all targets done!

Feb 6, 2018

Note

Friends who want to learn this technique can watch this video presentation by Mr John Bollinger himself.

Feb 6, 2018

Note

youtube.com/watch?time_continue=1&v=jrCqYUS_YGg