Long
Very high probability of technical "Short term" bounce
Beaten down from Rs 4200, we hit demand level of Rs 2800. We should see a short term bounce to test the 200 Day SMA and previous support of Rs 3550. SL of Rs 2775 with Target 1 at Rs 3400 and Target 2 at Rs 3500 presents a nice risk to reward ratio of around 2.5:1 from current level of Rs 2971.
Long term, in next 8 months to a year, I see Mindtree heading to atleast 2000rs or below.
Long term, in next 8 months to a year, I see Mindtree heading to atleast 2000rs or below.
Trade closed: stop reached
Stop Loss hit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.