Long
MINDTREE Wave analysis
Mind Tree after making the all time high went into corrective phase and price is still trading inside the price channel. though there is no confirmation yet that the correction is over. some piece point to the end of correction.
1. wave 5 inside wave 5 of C has made 0.617 of w1 of c
2. wave 5 almost made 0.618 w1-w3 in wC
with this clues Trading strategy can be developed for mind tree as below:
Aggressive Entry 502
Conservative Entry 534
Aggressive StopLoss 464
Conservative Stoploss 464
Aggressive RoR Min 3.11
Conservative RoR Min 1.23
Aggressive RoR Min 3.11
Conservative RoR Min 1.23
Reward 1 620
Aggressive SL pts 38
Conservative SL pts 70
Aggressive Reward min 118
Aggressive Reward max 118
Conservative reward min 86
Conservative reward max 86
1. wave 5 inside wave 5 of C has made 0.617 of w1 of c
2. wave 5 almost made 0.618 w1-w3 in wC
with this clues Trading strategy can be developed for mind tree as below:
Aggressive Entry 502
Conservative Entry 534
Aggressive StopLoss 464
Conservative Stoploss 464
Aggressive RoR Min 3.11
Conservative RoR Min 1.23
Aggressive RoR Min 3.11
Conservative RoR Min 1.23
Reward 1 620
Aggressive SL pts 38
Conservative SL pts 70
Aggressive Reward min 118
Aggressive Reward max 118
Conservative reward min 86
Conservative reward max 86
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