Mindtree is at resistance region. The price has already tested this region once. Everytime the price hits the resistance, the price has made a Higher Low.
If the price moves above 3330, I would take a long position.
Mindtree Looking Very Strong Near Day Support Zone Breakout Retest Zone 4820 - 4790
Mindtree Big Buying Opportunity Cmp 4890 Spot
Add More On Deep 4790
Stop Loss Below 4500
Target 5300 5500 5800 6200 +++
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...
