March 20, 2017
MindTree (NSE Cash)
477 - 479
5 - 10 sessions
Source: Falcon (Time: 10:25 IST)
This stock has been a laggard over the past thirteen months and has done nothing in terms of price appreciation. Now,
after forming a strong base 440 in last 4 - 5 months, the stock is showing early signs of strengths. Today, we are
witnessing a good volume activity with a decent rise in prices. The ‘RSI-Smoothened’ on daily chart has managed to
surpass the 55 mark, which has been acting as a stiff hurdle in the recent past. Looking at this development, we expect
the stock prices to give a breakout from near term congestion zone.
With an anticipation of this move,
traders to buy this stock at current levels to a decline up to
477 for a target of
509 over the next 5 to 10 sessions.
The stop loss should be fixed at
022-3935 7600 Extn: 6552
March 20, 2017
Last 14 recommendations
CMP Target 1 Target 2 Stop-loss
150 - 151
160 - 161.50
SL revised at 165.50
690 - 694
2840 - 2855
Profits booked at 406.50
725 - 732
140 - 141
1190 - 1200
88 - 89
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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