Today, the price action breaks above the downward trend line, indicating bullishness. It is signaling that bulls are back in control of the price action. Good time to enter: Target: 95 Stoploss: 82
There is a classic pattern where Support Becomes Resistance and Mind Tree is showing the example of the same. Wait for the market to correct a bit and it will turn to a great Short Oppertunity.
Yesterday, the price action broke out through the downward trending line on hourly chart, where it confirmed the retracement as well. Now today, it is been getting over from the previous break out levels that indicates trend continuation. I believe it shall reach to 61.8 retracement level of the said down ward move. Target: 580 Stoploss: 525
MCDOWELL Multiple Support Broken will act as resistance . Go Short Near 23900