koolshanin
Long

MINDTREE Wave analysis

NSE:MINDTREE   MINDTREE LTD
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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


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