After a long bull run, Mindtree has formed an H&S pattern which is a strong reversal pattern. Breakout of this pattern has occurred with retest and continuation. The downside of this is calculated using the height of head. If anyone wants to benefit they can short the future position of February expiry. The target will be 3700. CMP is 4118 and SL will be 4400. If anyone wants to Buy it for investment purposes wait for it to come down till 3700 and then take a position. Do FOLLOW for more ideas.
