Nifty it index given upside break out after a correction.
Many stocks like Tcs, Mindtree, Infy, Techm and other stocks also given break out or ready to break out. Buy on dip simple.
things I have learnt
1. Paper trading is different than real trading
2. discipline and risk management is the only key
3. find the convenient setup according to you and work hell out of it.
CONNECT WITH ME THROUGH THE LINK IN PRICING TO JOIN THIS LONELY JOURNEY OF STOCK TRADING AND YET PROFITABLE LIKE HELL
CALL AND ATTENTION GIVEN TO ALL GROUP MEMBERS
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1. 15 TF TREND LINE WAS RESPECTED
2. IT BROKE THE TL ON 4 TH ATTEMPT
3. CONFIRMATION WAS GIVEN AFTER BREAKING DAY LOW AND RSI CONFIRMATION
4. EASY 300 POINTS GRABBED ON PUT OPTION
As per the Technical Analysis Chart Pattern, MINDTREE Intraday view.
The potential bullish trend with the upside of 1391 as the first target from the breakout of 1377. We can follow the strict Stop Loss of 1364. It is only Buy Above the resistance of level of 1377.
1405 can be taken as a second target.
Traders, If you liked this idea, hit the like button and...
Mindtree although trading above 20 MA, but shows RSI divergence with it's up move. Secondly the weekly and daily candle had formed a spinning top pattern which shows bears entering in the game.
Level to watch next week. if it breaks strongly 1213 level can see bull taking the charge and this will be sell on rise opportunity.
if it breach 1184 level then bears...
#MINDTREE is in Uptrend but currently reversing from up trend line and form the near doji candle with 7 day narrow range. A gap UP or Down can see tomorrow.
Showing MIX result in Technical Parameter:
CCI is near to 100+
RSI is near to overbought zone
Stoch is treading down
MFI is trending down
Short...
Stock finally broke the resistance that it had been resisting for weeks.
Now the 915-930 is an important support levels, if the stock sustains above those levels, it might be moving towards 1020-1030 levels
CMP 949
Buying zone : 915-930
Stop : 885
Trade type : Swing
Risk/Reward : 3R
Do not follow blindly and If my Posts are useful to you , please also share...
Hello Everyone,
Today I am sharing my an another idea for mid term swing.
Script Name : Mind Tree
Buy : 774-780
Sl : 720
Target : 835/865/940
Time span : 3-4 Weeks
