Published on 29/06/2020 2:22:18 PM | Source: Motilal Oswal Financial Services Ltd
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MindTree
* 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
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