TECH Mahindra short setup (Bollinger bands strategy)

5 feb 2018

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

T1: 613
T2: 600
T3: 590

SL: 638

5 feb 2018

Nota

as seen on hourly chart

5 feb 2018

Trade attivo

6 feb 2018

Trade chiuso: obiettivo raggiunto

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T1: 613 achieved! TechM going to open at 601 just ₹1 above our T2: 600!

Jai Bollinger baba!

6 feb 2018

Trade attivo

Missed T2: 600 by just ₹1

6 feb 2018

Nota

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

6 feb 2018

Trade attivo

Maintain save profit at 627

6 feb 2018

Trade attivo

Typo:
Maintain save profit at 623

7 feb 2018

Trade chiuso: obiettivo raggiunto

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7 feb 2018

Nota

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T2: 600 achieved

7 feb 2018

Trade attivo

Shift save profit to 618

9 feb 2018

Trade chiuso: obiettivo raggiunto

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!

9 feb 2018

Nota

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 :)