Mindtree is showing weakness and does not show any sign that it will sustain above the resistance level of 1430. Traders can look for shorting oppurtunities below 1430. Also check sector trend for confirmation.
Note:
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Note:
- Avoid the stock if a big gap up or gap down is seen
- Enter after the breakout happens and not before it
- Do not chase the market, i.e., do not get involved in late entries
- Only enter with strict stop-loss and target
- This is not a recommendation and is for educational purposes only.
- always follow risk-reward and quantity management for the 100% of the times
- The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!