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NeeteshJain

MINDTREE - AT STRONG SUPPORT, WILL BOUNCE BACK

Long
NeeteshJain Updated   
BSE:MINDTREE   None
Trend Analysis Support and Resistance Supply and Demand
20
8
trendanalysis supportandresistance supplyanddemand
It is been observed on the daily chart that the price action is taking strong support at 480-78 levels and now breaking above the support zone in order to fill up the previous gap down on the chart.

Target 1: 490

Target 2: 500

Stoploss: 475
Trade active
Comment:
Coming out of Support zone.
Trade active
Comment:
SL revised to 273. If it closes below that then it shall further dip to 265 levels.
Comment:
Correction: SL revised to 473. If it closes below that then it shall further dip to 465 levels.
Trade closed: stop reached
Comment:
MIndtree did close above 473 levels, indicating stability. If tomorrow, it goes above 480 levels then it shall again become active. Thanks

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