Friday, 12 January 2018

EYE ON MINDTREE ; BULLISH (15 JAN TO 19 JAN) 2018


bUY MINDTREE ABOVE 638 TGT 645/655 SL 629

 

After showing correction from the higher level since the long-term, now the stock is trading in the recovery phase for the medium term and for long term, it is likely to continue the upside move in near term with the crossing of the resistance level of 645 as the stock is managing to sustain above the level of 630.  It is likely to continue the positive movement with the breakout of the pattern at the levels of 638. 22 &55 and 200 days moving averages seen as support level with the RSI of 70,  One may get the long-term targets of 650,680,720 in MindTree with the stop loss of 590. Thus the trend of the MindTree in the short term, medium term, and even the long-term timeframe continues to remain upwards.

DAILY CHART FOR MINDTREE:

1 comment:

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