Stock Picks - Buy Mindtree Ltd For Target Rs. 2670 - ICICI Direct
Technical Observations
* The midcap IT space continue to outperform with most of the stocks p
* The share price of Mindtree is in a secular uptrend forming higher peak and higher trough in all time frame
* It has recently generated a breakout above seven weeks range (2310-1951) signalling acceleration of the up move
* We expect the stock to head towards | 2670 levels in the coming weeks being the measuring implication of the recent range breakout (2310- 1950=360 points) added to the breakout area of 2310 signalling upside towards 2670 levels
* Among the oscillators the weekly 14 periods RSI is in up trend and is seen rebounding taking support at its nine periods average thus validates positive bias in the stock
Buy Mindtree Ltd @ 2390.00-2445.00 TGT 2670.00 SL 2285.00
To Read Complete Report & Disclaimer Click Here
https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
Above views are of the author and not of the website kindly read disclaimer
