BUY MINDTREE ABOVE 470 TGT 478/485 SL 458
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 480 as the stock is managing to sustain above the level of 500. It is likely to continue the positive movement with the breakout of the pattern at the levels of 500. 22 days moving averages seen as support level with the RSI of 52,and also showing the breakout trendline. One may get the long term targets of 520,550 in mindtree with the stop loss of 458. Thus the trend of the MINDTREE in the short term, medium term and even the long term timeframe continues to remain upwards.and and 55&200 EMA seen as a resistance levels at 476 and 498.
DAILY CHART FOR MINDTREE
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