Short
Mindtree Turns Lower From 61.8% Fib
Mindtree looks south after facing rejection at the 61.8% Fibonacci Fib resistance fan.
MACD is about to flash a fresh sell signal.
RSI below 50, looks south
The share price could slide to trendline connecting May 26 and July 14 lows...
But avoid being tooo ambitious on the downside as the ascending 100-week SMA is located at 3,156 and ahead of the trendliine support at 3,000. Thee SMA has persistently capped the downside since May.
MACD is about to flash a fresh sell signal.
RSI below 50, looks south
The share price could slide to trendline connecting May 26 and July 14 lows...
But avoid being tooo ambitious on the downside as the ascending 100-week SMA is located at 3,156 and ahead of the trendliine support at 3,000. Thee SMA has persistently capped the downside since May.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.