lti mindtree is near its support area and its below its support level of very long term we can see buying from this area marked and that will on very short term time ranging from 3-5 months.
Although there is great movement in IT index on Friday but caution advised now in all IT stocks . Keep booking your profits, trail it tightly as now most of the IT stocks are near monthly & weekly CPR/ATR resistances. Similar case is there in Mindtree where 3790-3810 will be great zone to short with low risk high reward setup. Since I will be planning to take the...
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 📉
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 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
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.
The stock was trading in a wedge that is broken. If it sustains below the 2100 level, then we may see marked levels on the chart until 2186 is intact on the upside.
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Happy Trading!
InvestPro India Team
The stock looks weak only if sustains below 2000 for the marked targets with a white line.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
The stock has formed a bearish pattern and looks weak if sustains below 1730 for the targets of 1675, 1630, and 1590 until 1810 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:MINDTREE
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PRZ level is 1681 to 1700 (Resistance)
if one can find reversal then only short for intra or swing.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we...
