Good Structure observed in TRIGYN
For movement play buy above 101
SL below 62(closing basis)
good support near 75
volumes picking up in uptrend and dry up in consolidation
also this is cheapest stock in IT small cap PE--4.98
Please maintain SL closing basis as this is small cap stock
Risk 1-3% of your capital(so plan position sizing base on...
Buy @260-70 range 💰💰
no need of sl,if u have patience u can hold it.
🧩the stock in a major/strong support zone ,can see the price is respecting that area that's why we shared this entry.
🧩a company with good funda.
🧩IT stocks publishing not much good result,so technical base it's a good entry,dont know about it's result.anyway i am...
Wipro has broken out and has retraced to the previous resistance level. This level is acting as support and has been respected for the last two trading sessions. if this continues, we will see Wipro reaching 460+ in the near future. If the resitance of 465 as well is broken, Wipro can see 500 very soon.
Coforge is taking support on a trendline on 4 Hour timeframe.
And taking a horizontal support too at around 2420.
And according to the short term fibonacci it is exact at 0.236 and according to medium term like from 21 Dec it's at 0.786.
If it takes support at 2420 and Nifty is also bullish then wait for an 1 Hour candle to close above 2450.
Summary For Swing...
Mindtree is trading near its previous resistance (1600), as the market is hitting a new high and near (ATH), there is a good probability of another breakout (Upside) in Mindtree targeting 1700 levels.
Buying zone - 1520 -1600
Target - 1700, 1700+
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.