NileshChavan
Short

Mindtree Short Possible

NSE:MINDTREE   MINDTREE LTD
Mindtree Sell between 958-960 With Stoploss of 970 For Target of 940-920 (positional) Reasons For Trade- 1.Price has Broken the important Support of 960 On Daily Chart Which has now become resistance 2.Price has broken the range of more than 3 months. 3.Price tend to retrace after a fall which is near to 960 levels.(38.2% Fibbo Level 4.Price has strong horizontal resistance+200 Days EMA resistance on 15 Minute Chart 5. Risk Reward is 1:2
Jun 25
Comment: 960 to 952 Moved.....Trail Stoploss to Breakven
Jun 26
Trade closed: target reached

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