LTIMindtree Short Term Trade
Updated
On 2 hrly timeframe a triangle pattern has been formed (yellow lines on the chart)
Also a small head and shoulder pattern is formed simultaneously, (neckline markes as pink line)
The level of 4780 is a very strong support
The breakout candle breaking through head and shoulder as well as triangle has negligible wicks
and is accompanied by higher than average ATR and decent volume
ADX and DI also indicates bullish strength
For Short Term Trade, Tgt = 5247 , SL= 4865
Also a small head and shoulder pattern is formed simultaneously, (neckline markes as pink line)
The level of 4780 is a very strong support
The breakout candle breaking through head and shoulder as well as triangle has negligible wicks
and is accompanied by higher than average ATR and decent volume
ADX and DI also indicates bullish strength
For Short Term Trade, Tgt = 5247 , SL= 4865
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.