TECH Mahindra short setup (Bollinger bands strategy)

Based on Bollinger bands strategy we can go short at CMP (627)

T1: 613
T2: 600
T3: 590

SL: 638

Note

as seen on hourly chart

Trade active

Trade closed: target reached

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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 ₹1

Note

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 627

Trade active

Typo:
Maintain save profit at 623

Trade closed: target reached

Note

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T2: 600 achieved

Trade active

Shift save profit to 618

Trade 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 toay

All 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 :)

k314

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k314