This idea is a follow-up to Mindtree
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Mindtree on Hourly Charts looking very weak, Trading with Huge volumes and Looking weak Below 2790 Mindtree Future Can see Sell off with Stoploss of 2835 Targets Expected are 2730-2700 in next 1-2 Days
Vannakam makakle, this is VIJAY. Enter after breakout or breakdown happened and expecting 400+ points on either side, keep track it(SWING AND FUTURES PURPOSE ONLY) and add your analysis too.
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📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
📈 MindTree 📉
My Findings :-
1. Breakdown of Support Zone 3550-3600.
2. Close below Seven Month Low.
3. Whole IT Sector is showing Weakness.
Target- 3200, 2900 and 2500
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before...