Tech_stock_trader

Mindtree stock at very import level of BO for long entry

Long
NSE:MINDTREE   MINDTREE LTD
On monthly chart we can see the stock is ready for the BO level. Stock is in uptrend & trading above the 50 as well as 20 EMA level. So above the level of 1025 we can take the long entry for the target price of 1055. Once stock able to cross the level of 1062 than we can see the level of 1100 soon. As this is 52 week high level for the stock a high selling pressure can be seen. but this would be minor retracement. So in upcoming session will take entry after analysis the shorter time frame. This is very good opportunity for investors, swing traders etc. So add the stock in your watch list to see the price action movement in the stock.

Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Trade active
Comment: High 1049
Trade closed: target reached: 1055 Target done.

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