NeeteshJain
Long

MINDTREE - AT STRONG SUPPORT, WILL BOUNCE BACK

BSE:MINDTREE   MINDTREE LTD
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

Comments

I think SL is 437 not 273 right? Asking just to confirm
+1 Reply
mihirj mihirj
Sorry SL is 473 not 273
Reply
@mihirj, Thanks mate for pointing out. I might be in a different zone when I was typing it. Thanks for noticing. Regards
Reply
sir, shall i hold Mindtree or exite as it's trading at 471
Reply
@mihirj, Mindtree next support zone would be 462 levels, if you are comfortable holding it then you may go ahead as it will pull back to 500 levels to cover gap.
Reply
its 470, SL hit?
Reply
Any revision in SL?
Reply
this reverseal trade at safe,so please post like this types of trade set up,this is help ful to as
Reply
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