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kapilvaidya1
May 30, 2020 1:08 PM

Mindtree, Good Time to Short sell Short

Description

As clearly shown on charts, Mindtree is currently facing weekly timeframe resistance

1) Momentum loss clearly seen
2) RSI below 60
3) Double Top Formation
4) Negative Divergence seen on daily charts

Confirmation of the pattern if 880 Broken, One can enter into positional long for a target of 730

Comment

Waiting for 880 levels
Comments
Tanweerb
Wt target do u see after today's downward movement
kapilvaidya1
@rajesh20062007, It has not broken 880 levels, so our setup is not active yet
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