Friday, April 10, 2020

mindtree elliottwave analysis

               Lets look at wave structure of mind tree ,First always look at bigger time frame to figure out bigger wave and later check on smaller time frame to figure out entry exit in case a trading or investing opportunity arises looking at larger time frame.

The monthly wave counts show clear 5 up. According to this study this stock would underperform for quite some time ,This validates what we saw in IT INDEX ELLIOTTWAVE ANALYSIS .

Lets check now smaller time frame .

From 5th high we can count abc followed by X wave and again a down fall probable WXY pattern unfolding .A rectracement rise would be a welcome move for berars to hit for lower levels next few 
days move can give good entery point lets see how the stock behaves in next week.



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