TrenTrader13

Mindtree Bearish

Short
NSE:MINDTREE   MINDTREE LTD
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 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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