4684 is the level. Go long I Mindtree for 4900 to 5000 levels. You can also buy Mindtree 4750 CE Nov. This is positional trade. Keep stop loss of 50 percent of the premium paid. Or you can buy stocks if want to play really safe. Buy more quantity if it comes to retest the level.
Trade closed: target reached:
Entered 4750 CE Nov on 1 Nov with an average price of 220. It went down and made low of nearly 170. But the SL of 50 % premium ie 110 was not hit. Now as Mindtree hit a new ATM today ie 4950. Our target is achieved. 4750 CE made a high of 311 but was able to book at 298.
Comment:
I bought the cash stocks too. I will trail it as much as possible. and have kept SL for at price. ie 4690