The daily candle on Mindtree printed a nasty Bearish Pinbar at a Major swing high Resistance. Expecting drop to continue. Enter at the break of the Pin Bar or at a 50% retrace level since the stop loss https://www.tradingview.com/x/5iurHKsz/is coming out unfavorable. This is a Swing Trade.
Trade closed manually
The Bearish Pinbar is not giving the follow up as expected. Today`s daily close ( ( (Bullish Pinbar from 8 EMA ) further adds bullish scenario to it. We advised to enter on 50% retrace on bearish Pinbar for a good RR, Now close the trade at break even.
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