closed above the resistance level and expecting more upside
lets hope to...
It is showing signs of reversal from the PRZ of a Bearish Harmonic Deep Crab. It could retrace till 765-750 provided it does not move above 825.
Buy only above 875 with the targets 886,900
Mindtree - New buy demand zone drawn in the pic. Tgt is mentioned where a reversal trade can also be taken to Sell side, this is Supply zone also. So, trade setup is to trade from demand zone to supply zone and then Supply zone to Demand zone.
Short Mindtree below 1028 Target - 1021 & 1011 Sl- 1036
I see some sort of correction in it sector to balance the one way rally ... but the correction will again get over soon looking at the earning season into picture as well as the usd inr depriciation will generate better revenue story for these stocks like tcs infy etc
Enter Long in Mindtree Above 1101. Target - 1109,1119 & 1141 Sl- 1082
infy given a signal to go long on friday after a consolidation now its trying to reach again to its class ! or i must say CLASS APART!
Right now MINDTREE no trade zone. It is always better to take CONFIRMED trade rather than taking trades based on HOPE. Remember, Market will always crush your HOPES. So always take calculated trades. Follow if you like the analysis, and if not, then constructive criticism is always WELCOME.