Get started
atul4b95

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

Short
atul4b95 Updated   
NSE:MINDTREE   None
Chart Patterns
0
0
chartpattern
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.
snapshot
Trade active
Comment:
very close to our target of 700.We may book profits or trail stoploss to lock the profits
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.