Mindtree, 3790-3810 good zone to short, F&O traders make money

Nov 13, 2022

Although there is great movement in IT index on Friday but caution advised now in all IT stocks . Keep booking your profits, trail it tightly as now most of the IT stocks are near monthly & weekly CPR/ATR resistances. Similar case is there in Mindtree where 3790-3810 will be great zone to short with low risk high reward setup. Since I will be planning to take the trade against the uptrend I would like to keep qty low and pyramid once it starts moving in my direction. My targets will be 1) 3660 2)3620 3) 3600 4) 3540. Offloading qty at different levels and trailing will give me cushion to achieve higher targets.
Always respect risk , happy trading.

Nov 16, 2022

Trade active

Target 1) achieved 2) achieved 3) now trailing last lot for final targets.

Nov 17, 2022

Trade closed: target reached

All targets achieved :)