MindTree Company is an international information technology consulting and implementation company that delivers business solutions through global software development. The Company operates in five segments: Retail, CPG and Manufacturing (RCM); Banking, Financial Services and Insurance (BFSI); Technology, Media and Services (TMS); Travel and Hospitality (TH), and Others.
|Stop Loss (SL)||Rs.1340|
|Time Horizon||2-4 Weeks|
Long term trend is up in this stock. After a moil correction prices have taken support and consolidated around its 50 Day EMA. Prices have now given a breakout on the upside from this consolidation period. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 1420-1430) With a stop loss of Rs. 1340 on closing basis and respected target seems Rs 1540-1600. Time frame should be 2-4 week.
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