Mind Tree after making the all time high went into corrective phase and price is still trading inside the price channel. though there is no confirmation yet that the correction is over. some piece point to the end of correction.
1. wave 5 inside wave 5 of C has made 0.617 of w1 of c 2. wave 5 almost made 0.618 w1-w3 in wC
with this clues Trading strategy can be developed for mind tree as below:
Aggressive Entry 502 Conservative Entry 534 Aggressive StopLoss 464 Conservative Stoploss 464 Aggressive RoR Min 3.11 Conservative RoR Min 1.23 Aggressive RoR Min 3.11 Conservative RoR Min 1.23 Reward 1 620 Aggressive SL pts 38 Conservative SL pts 70
Aggressive Reward min 118 Aggressive Reward max 118 Conservative reward min 86 Conservative reward max 86