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Technical Observations

The stock is in strong up trend forming higher high and higher low in all time frame. It has registered a breakout above the last one months triangular consolidation pattern signalling continuation of the up trend and offers fresh entry opportunity

We expect the stock to continue with its current positive momentum and head towards | 2325 levels as it is the 123.6% external retracement of the previous corrective decline (| 2275-1951) placed at 2325 levels

The share price earlier during March 2021 has registered a breakout above a major rising trendline joining previous highs of Oct’20 (| 1606) and Jan’21 (| 1820) highlighting acceleration of upward momentum and robust price structure

The daily 14 periods RSI has formed a higher base above its nine periods average and is resuming up move thus supports the positive bias

Buy Mindtree Ltd @ 2145.00-2175.00 TGT  2325.00 SL 2050.00

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