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Mindtree

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Sep 8, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Mindtree break out today @ 709.
    currently cmp is 711.
    I think it can buy @ cmp with stop of 675
     
    sanjay_sansanwal, Sep 8, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Mindtree @ 720.50 wow
    break out its 52 weeks high also.
     
    sanjay_sansanwal, Sep 8, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Yes perfect levels.
     
    shabbir, Sep 8, 2012
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  4. sachinmore08

    sachinmore08 New Member

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    took position at 727 but today CMP is 707....need opinion whether to exit or wait for re bounce as 700 seems to be support?
     
    sachinmore08, Sep 17, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    You should wait till you don't hit the stop loss.
     
    shabbir, Sep 17, 2012
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  6. sachinmore08

    sachinmore08 New Member

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    What i am thinking is as other stock are gaining momentum so this stock may see profit booking due to being in uptrend for long time like pharma stocks.
     
    sachinmore08, Sep 17, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes that can happen but then major support should not be cracking even in profit bookings unless the trend has changed.
     
    shabbir, Sep 17, 2012
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  8. sachinmore08

    sachinmore08 New Member

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    yeah sure..I will wait for my SL to break..Thanks for your guidance.
     
    sachinmore08, Sep 17, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Sep 17, 2012
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