Mindtree@bearish
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 will have all the strength to push the price >= 10% down .
Levels are marked on the chart.
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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 will have all the strength to push the price >= 10% down .
Levels are marked on the chart.
Disclaimer:
The views provided solely for information purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The information presented is for general information purposes only. Although every attempt has been made to assure accuracy, we assume no responsibility for errors or omissions.
We disclaims any responsibility for losses incurred for market positions taken by members or clients in their individual cases, or for any misunderstanding on the part of view provided. We shall not be liable for any indirect incidental, special or consequential damages, and in no event we will be held liable for any of the view provided.
Important Risk Disclosure
THE RISK OF TRADING CAN BE SUBSTANTIAL AND EACH INVESTOR AND/OR TRADER MUST CONSIDER WHETHER THIS IS A SUITABLE INVESTMENT. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
IT SHOULD NOT BE ASSUMED THAT THE METHODS, TECHNIQUES, OR INDICATORS PRESENTED IN THESE VIEWS WILL BE PROFITABLE OR THAT THEY WILL NOT RESULT IN LOSSES. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. VIEW PRESENTED ON THESE SITES ARE FOR EDUCATIONAL PURPOSES ONLY. THESE SET-UPS ARE NOT SOLICITATIONS OF ANY ORDER TO BUY OR SELL. THE AUTHORS, THE PUBLISHER, AND ALL AFFILIATES ASSUME NO RESPONSIBILITY FOR YOUR TRADING RESULTS. THERE IS A HIGH DEGREE OF RISK IN TRADING.
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