atul4b95
Short

MINDTREE : price bounded by a rectangle,may stage a breakout

NSE:MINDTREE   MINDTREE LTD
NSE:MINDTREE             Presence of a shooting star , bearish engulfing pattern and and evening star on the daily chart suggests that the probability of downward breakout is more.We can go short below 745,preferably after waiting for a close of 15 min candle below 745.We may see targets of 700 ,stoploss we be a close of hourly candle inside the rectangle .
Trade active
Comment: very close to our target of 700.We may book profits or trail stoploss to lock the profits
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