Sell Mindtree if sustains below 3200 for the targets of 3180, 3162, 3140 until
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InvestPro India Team
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
Mindtree looking good for a bounce play above 3085, refer to green lines for profit booking.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
📈 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...
Kindly 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.
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...
NSE: 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
The 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
NSE: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.
