protradernoah

MINDTREE 1 hr analysis. Possible downtrend

NSE:MINDTREE   MINDTREE LTD
Hello Trader, Here is the full analysis of mindtree:
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley and strong resistance one can look for short.


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Hello Trader, Here is the full analysis of MINDTREE:
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley one can look for short.

How can you support me:
1) Like my idea.
2) Follow me for more analysis
3) I will Opening Telegram and instagram channels soon.

Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis
Comment: Free downfall to 894

Comments

The following is reco. from other TA -"on the verge of an IHS breakout. It has also initiated a Bullish #HarmonicPattern Dragon. It could do 965/1025/1200 provided it does not break 880." Can you please confirm.
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protradernoah LearningJoe
@LearningJoe, I am bullish only if it breaks the resistance level 905-920 as I see a strong resistance between these levels. You can wait for this to be broken and re-test this resistance turned support and then one can look for buying opportunity. The latest retracement is at 0.5 and expecting it to test 0.618 level. Based on the current retracement we can think about the next move.The current reco. is for swing trading. Let me know if this helps you.
Reply
Nice sir. Your analysis is amazing. Thank you for sharing.
Reply
protradernoah vedanth2009
@vedanth2009, Thanks Vedanth
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