SBIN short setup

Aug 11, 2017

Short SBIN at CMP (281)

Target1:270
Target2: 242

SL: 300

Sep 11, 2017

Trade closed: target reached

Target1:270 done!

Trail SL to cost

Sep 11, 2017

Note

It took exactly 1 month to hit target1 :'D
Lets see how much time it would take to hit target2
Idea posted on Aug 11

Sep 13, 2017

Note

There are chances of SBIN making a bullish move above 277

So we will trail our SL to 278 in profit zone as our short call got activated at 281

Sep 20, 2017

Note

Trailing SL to 275.5 in profit zone

Sep 25, 2017

Note

In all likelihood SBIN is in the broadening wedge formation. We will still maintain our trailing SL at 275.5 in profit zone.

Sep 27, 2017

Note

Conservative traders can book profit for remaining position at CMP (253) as we can see that SBI is now taking support at the broadening wedge.

Aggressive traders can trail their SL to 273

Riding on profit from ₹281

Cheers,
tRex
Jurassic Prak

Oct 6, 2017

Trade closed manually

Aggressive traders also close all the position at CMP(254) in good profit!