KPIT short setup (risky counter trend trade)

Short KPIT at CMP (218+)

T1: 200
T2: 190

SL: 225
Trade active: Bollinger bands upper band tag + MFI class C bearish divergence
Setup only for aggressive traders.
Comment: KPIT facing strong resisitance at CMP (221+). Its evident from the candle formations hanging man and doji.
Trade active: Conservative traders can book partial profit at CMP (211+) with SL at cost
Trade active: Made a low of 204.35 so far
Trade closed: target reached: .
T1: 200 achieved
Missed T2: 190 by 2.95
Trade active: It was an amazing ride Rs. 18-20 target with just 7-5 risk
Trade closed: target reached: .
T2: 190 achieved
all targets done!
Comment: Friends who want to learn this technique can watch this video presentation by Mr John Bollinger himself.
+1 Reply
tRex88 MrAkshatP
@AkshatPatwa, Thank you sir :) _/\_
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