KPIT can do the Bear Trap this week by taking the Bulls Stoploss

KPIT falling from new highs has filled earlier gap up and now trading the gap area. Below 204.7 some buy stops has accumulated and in this week a test to knock off the stops and move is possible.
Any test and close above 204.7/203.4 is area to watch to add longs.

Entry: test and rejection of 204.7/203.4 whichever comes first

SL: below 196

Target: 209.5/213

Disclaimer: I’m no means a financial ad visor, I m just a Meyer trader. So consult your financial adviser before taking trading decisions.


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