MindTree Support Becomes Resistance

There is a classic pattern where Support Becomes Resistance and Mind Tree is showing the example of the same. Wait for the market to correct a bit and it will turn to a great Short Oppertunity.
Trade closed: target reached: Market fell as Trendline worked beautifully
Very simple technique used. Just follow trend lines. Are Bar charts better than Candles. Your views please.
Usually Candles are better and give more insights but my eye have been trained to look at Bar Chart and hence I plot Bar Chart.
anilpalan Mastertrader21
Ok and Thanks.
AbhishekHSinghCMT Mastertrader21
Good One- You Rock
This is really good one with simple trendlines. Nicely done !
+2 Reply
Thanks hope to continue to do the research
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