MINDTREE INTRADAY TRADE | 5TH SEPTEMBER 2022Sell Mindtree if sustains below 3200 for the targets of 3180, 3162, 3140 until
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InvestPro India Team
Mindtreelevel
Mindtree Hourly Charts Near BreakdownMindtree 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
MINDTREE LOOKS GOOD FOR A BOUNCEMindtree looking good for a bounce play above 3085, refer to green lines for profit booking.
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InvestPro India Team
MindTree Chart Analysis !!📈 MindTree 📉
My Findings :-
1. Breakdown of Support Zone 3550-3600.
2. Close below Seven Month Low.
3. Whole IT Sector is showing Weakness.
Bias- Short
Target- 3200, 2900 and 2500
SL- 3898
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 Taking Any Decision On This Analysis.
MINDTREE - Intraday viewKindly read the chart
There is a double top formation which on breaking can give an up-move.
Similarly there is a double bottom being formed and a move below these levels could drag it down further.
📊 #Mindtree #niftyit Swing Opportunity 🎯NSE:MINDTREE
As we know IT stocks already fallen much now we might see up move for swing, but we should even keep this in mind that we have budget ahead so better to take entry after budget for swing but before that we can go for intraday trades if find reversal for long.
📌 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 PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Monthly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 3576.10
PRZ 2 :- 3536.55
SL :- 3176 (Closing Basis)
Target 1:- 3728
Target 2:- 3862
Target 3:- 3996 and more Trailing basis
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
MINDTREENSE: MINDTREE 4733
-Triangle Like Formation
-Near To Break
-Price Confirms But Volume Missing
-Next Levels To Watch 4766-4800-4850-4900
-Support Levels Are 4420-4375-4330-4118
-Closing Basis
MINDTREE | NEXT UP-MOVE ABOVE 2800The stock is in a strong uptrend and once it sustains above 2800, expected to travel towards 3300-3400 which would be next target zone.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
Pranshu
InvestPro India Team
Mindtree Good opportunity to trade tomorrow good Q1 result todayNSE:MINDTREE
we can see good movement in these coming days in Mindtree as there is a good Q1 result today.
trade setup can be seen on either side.
levels are marked in the charts. Be strict with your profit booking once your get to one level. We can expect volatile trading.
Avoid trading in "No Trading Zone".
All the best.