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

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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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