Inverse head and shoulder formation in NSE:MINDTREE . IT is expected to do well on back of good results. Hourly close above 4950 with good volumes would indicate a breakout from neckline. As per the height of formation, it could be a 10-12% move. Keep an eye!
Mindtree Looking Very Strong Near Day Support Zone Breakout Retest Zone 4820 - 4790
Mindtree Big Buying Opportunity Cmp 4890 Spot
Add More On Deep 4790
Stop Loss Below 4500
Target 5300 5500 5800 6200 +++
Mindtree 4556 by 7th Oct. Mindtree Ltd is an Indian multinational information technology and outsourcing company, headquartered in Bangalore, India. It is a part of the Larsen & Toubro Group. Founded in 1999, the company employs approximately 23,814 employees with an annual revenue of ₹7839.9 crore