Kunal Saraogi of Equityrush recommends going long in Mindtree with a target of Rs 1400.
Kunal Saraogi of Equityrush told CNBC-TV18, " Mindtree has completed a consolidation and has broken out in today's trade. The kind of momentum we have seen in IT stocks should take it to at least Rs 1,400 which is the next major resistance. So definitely it is a buy at current level. One should put a stoploss at Rs 1,320 and go long on this one. The first target would be Rs 1,400."
At 13:54 hrs Mindtree was quoting at Rs 1,352, up Rs 34.35, or 2.61 percent. It has touched an intraday high of Rs 1,356.80 and an intraday low of Rs 1,320.
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