KPIT short setup (risky counter trend trade)

Short KPIT at CMP (218+)

T1: 200
T2: 190

SL: 225

Trade attivo:

Bollinger bands upper band tag + MFI class C bearish divergence
Setup only for aggressive traders.

Commento:

KPIT facing strong resisitance at CMP (221+). Its evident from the candle formations hanging man and doji.

Trade attivo:

Conservative traders can book partial profit at CMP (211+) with SL at cost

Trade attivo:

Made a low of 204.35 so far

Trade chiuso: obiettivo raggiunto:

.
T1: 200 achieved
Missed T2: 190 by 2.95

Trade attivo:

It was an amazing ride Rs. 18-20 target with just 7-5 risk

Trade chiuso: obiettivo raggiunto:

.
T2: 190 achieved
all targets done!

Commento:

Friends who want to learn this technique can watch this video presentation by Mr John Bollinger himself.

Commento:

www.youtube.com/watch?time_conti...