MindTree Ltd stock is trading at 480 rupees with loss over 2%. The stock is in a downtrend and after a bounce back up to 505 which was strong resistance stock resumed downtrend and heading toward downside target of 440 rupees which can be expected in short terms.
MindTree Ltd stock has technical resistances around 490 and 505 which will be trailing stop loss level for short traders. On downside 460 and 440 are immediate targets. Future traders holding shorts keep swing target at 440 with trailing stop loss. Options traders can focus on MINDTREE 480 put options which are rallied from lows of 10 to now trading at 16+. Here keep buy on decline view for big gains in short terms.
MINDTREE stock weekly chart technical patterns suggesting the same target of 440 rupees on the downside. Weekly chart price trend and momentum both are strong bearish suggesting deep downside up to 400 in medium terms.
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