* IT stocks witnessed tremendous buying interest on Friday and most of the stocks formed bullish candle. IN line with its peers, Mindtree also rallied along with healthy volumes and gave a range breakout on daily chart. We also witnessed good amount of open interest build-up in the up move, which is a good sign for the stock. Momentum oscillator RSI is placed positively on daily chart and thus showing strength.
* Looking at current chart structure, we advise traders to buy the stock for an up move towards 1015 with stop-loss of 916.
Buy MindTree SL 916 TGT 1015 CMP 949
To Read Complete Report & Disclaimer Click Here
For More Motilal Oswal Securities Ltd Disclaimer http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html SEBI Registration number is INH000000412
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer