Mindtree: Diverging Higher

Just shot out of falling trendline with positive Stochastic divergence on Hourly charts. Signalling positive in near future.
Aggressive traders may enter at current price while other can wait for a pullback.
Short term resistances# are highlighted So manage your trades accordingly.

Thanks
#Consider resistance levels as zones and not absolute values.

Commento:

The stock gave a nice buying opportunity in 515-517 zone.
Currently the stock seems to be trading in a range.
Those who bought near 515 and 517 should put their stops at 509.80 for the targets of 528 and 540.

Trade chiuso: obiettivo raggiunto:

Target 528 hit. Those who want to play further should sell partial here and trail the rest with TSL @ 521 for current rate.

Commento:

Expecting pullback to 524-526

Commento:

Got the expected pullback..right?

Trade chiuso: obiettivo raggiunto:

Commento:

Those who would have followed and kept it for second target would be happy.