Stock is trading near 50ema. RSI is looking for breakout. CMP: 1335 Target: 1380, 1435
ANALYSES BASED ON 1. PRICE ACTION AND ONLY PRICE ACTION . 9940084570 IF YOU HAVE ANY QUERIES
Back at support is Mindtree, what's next?
EASY POINTS CAN BE GRABBED IF TRADED ACCORDING TO SETUP DONT BLINDLY TRADE ON BREAK OUT . REACH ME OUT FOR QUERIES
Hammer near 50ema. Buy above 1350 for the target of 1370-1380
BO above 1590(Closing basis on positional) support at 1410-1370(which is also 78.6% fibbo level) above all important moving average
SELL mindtree below 1475 TGT 1472-1469-1465 SL 1483
Find a Stop-loss to take a trade on this tomorrow
SL HIT BASED ON A MISTAKE BUT HAPPY ANALYSES WERE RIGHT TRADE BASED ON 1. FIBO LEVEL 2. TREND LINE 3. MOVING AVERAGE 4. PRICE ACTION
Mindtree which was on upmove with in upward channel has given a clear breakout with large volume.
buy above 1274 TGT 1278-1282-1286 SL 1266
Short around resistance zone of 1240-1250 sl 1270 monthly closing basis.. target 1091, 984, 940, 800 possible