Long

Mindtree: Diverging Higher

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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.
Note
snapshot
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 fermée: cible de profit atteinte
Target 528 hit. Those who want to play further should sell partial here and trail the rest with TSL @ 521 for current rate.
Note
Expecting pullback to 524-526
Note
Got the expected pullback..right?
Trade fermée: cible de profit atteinte
snapshot
Note
Those who would have followed and kept it for second target would be happy.

JJ Singh
Trader/Investor
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