kapilvaidya1
Short

Mindtree, Good Time to Short sell

NSE:MINDTREE   MINDTREE LTD
As clearly shown on charts, Mindtree is currently facing weekly timeframe resistance

1) Momentum loss clearly seen
2) RSI below 60
3) Double Top Formation
4) Negative Divergence seen on daily charts

Confirmation of the pattern if 880 Broken, One can enter into positional long for a target of 730

Comment: Waiting for 880 levels

Comments

Wt target do u see after today's downward movement
Reply
@Tanweerb, It has not broken 880 levels, so our setup is not active yet
Reply
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