Mastertrader21

MindTree Support Becomes Resistance

NSE:MINDTREE   MINDTREE LTD
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

Comments

This is really good one with simple trendlines. Nicely done !
+2 Reply
Thanks hope to continue to do the research
Reply
Very simple technique used. Just follow trend lines. Are Bar charts better than Candles. Your views please.
Reply
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.
Reply
anilpalan Mastertrader21
Ok and Thanks.
Reply
AbhishekHSinghCMT Mastertrader21
Good One- You Rock
Reply
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