Mindtree is forming cup and handle pattern in 1H timeframe, it is also forming a channel range, if range breaks then important resistance level will be 1540, breakout possible
targets- 1540+
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
targets- 1540+
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
Trade closed: target reached:
went much much higher than the expected targets
Comment:
I saw an ascending triangle pattern in mindtree in 1D timeframe that's the reason it went so high, more upside is definitely possible, around 5% more to come from CMP
Comment:
went more up, all targets reached