punterpk

Short candidate MINDTREE SL 987

Short
punterpk Updated   
NSE:MINDTREE   None
Mindtree is breaking below the lower channel as shown. If the market recovers (as today being expiry day it is expected to be volatile) then reverse the position beyond 987 and go long. But for now it looks like a short.
Trade active
Trade active:
Revise SL to 980. Add to the position below 948.
Trade active:
Revise SL to 968. Below 948 target is 930.
Trade closed manually:
Hit low of 953.6. Revised SL hit. But it was a good ride.
Trade closed: target reached:
Hit low of 949.05 just shy of 948. It may break that tomorrow judging from the bearish conditions in the market. Worth watching for another ride.
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