TECH Mahindra short setup (Bollinger bands strategy)
Updated
Based on Bollinger bands strategy we can go short at CMP (627)
T1: 613
T2: 600
T3: 590
SL: 638
T1: 613
T2: 600
T3: 590
SL: 638
Note
as seen on hourly chartTrade active
Trade closed: target reached
.T1: 613 achieved! TechM going to open at 601 just ₹1 above our T2: 600!
Jai Bollinger baba!
Trade active
Missed T2: 600 by just ₹1Note
Friends who want to learn this technique can watch this video by Mr John Bollinger himself!youtube.com/watch?time_continue=1&v=jrCqYUS_YGg
Trade active
Maintain save profit at 627Trade active
Typo: Maintain save profit at 623
Trade closed: target reached
.Note
.T2: 600 achieved
Trade active
Shift save profit to 618Trade closed: target reached
After booking partial profits at T1: 613, T2: 600 and exiting completely at save profit of 618, TechM hit our final target of T3: 590 toayAll targets done!
Note
Will come up with another Bollinger Bands special trade soon for high reward with tiny risk! Hope you all had fun riding KPIT and TechM short ride :)
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