Mind Tree Ltd. trading in bearish falling wedge.

Mind Tree trading in a bearish trend for long time and it seems to have been preparing to breakout the falling wedge pattern to move upward, today it has touched resistance but unable to make breakout. As the Nifty is under pressure and panic in market also due to ban on bank notes it doesn't seem to breakout. we may see further downward after touching the resistance. traders may enter short at todays high 450.00 keeping in mind the breakout,if occurs exit with small stop loss or short with a target somewhere below 400.00 in near term.


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