Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
* On a daily chart, the stock has given a breakout of its Upper Ban of Symmetrical Triangle formation with aboveaverage volume which indicates a robust upside movement in the counter.
* Moreover, the stock has been trading above its 21 & 50 Days Moving Average which suggests a positive momentum in the counter.
* Furthermore, since the last few trading session, the volume activity is gradually increasing with rise in price which shows an accentuated buying activity in recent days.
* A daily momentum indicator RSI reading is at 65.05 level with a positive crossover which points out for a positive breath in the counter.
* Based on the above technical structure, we are expecting an upside movement in the counter in an Approx. one week.
Buy Mindtree Ltd @940.60-950.10 Stop Loss 912.00 Target 1026.50 CMP 950.10
To Read Complete Report & Disclaimer Click Here
For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx
Above views are of the author and not of the website kindly read disclaimer