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.
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
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.
