Currently@resistance. Moving above current price may lead to 1005 which is Trend line resistance.Any breakout from there leads to 1028.Unless trend line resistance is not crossed on closing basis, chances of profit booking.
Mindtree already broke Momentum Support and Fell sharply, Recent Upside recovery is very Sloppy and in Narrow Range.
Already there are News going on this Stock in terms of Buy Back and Hostile take over by LT Infotech.
I expect Stock to continue its downside from here and keep falling. LTP 939 Expect Drop till 500 Level.
Would suggest to exit the current...
one more bullish day can set good upside move in this stock breaking the range
great stock in IT space current valuation are not cheap and not that higher i guess getting for a good rally ,
In Next phase
Target 1 - 1950 , Target 2 - 1980 , Target 3 - 1000
SL 880 (NOTE: If candle will go to 907 and retrace up to 900 on same day and closes below 900 then i will suggest to book loss of 6-7 rupees per share.)