BUY MINDTREE ABOVE 540 TGT 548/555 SL 525
After showing correction from the
higher level (799) since long term , now stock is trading in short term
recovery phase for medium term, it is likely to continue the upside move in
near term with the crossing of the resistance level of 550 as the stock is
managing to sustain above the level of 530. It is likely to continue the positive movement
with the breakout of the pattern at the levels of 550. 22 and 55&200 days
moving averages seen as supporte level with the RSI of 75, One may get the long term targets of 570,600,750 in mindtree with the stop loss of 500. Thus the trend of the MINDTREE in the short term, medium term and even the
long term timeframe continues to remain upwards.
DAILY CHART FOR mindtree
No comments:
Post a Comment