MindTree can be bought on declines: Sandeep Wagle
"Whatever the news is has been discounted positively by the market and looks good for the company in the stake sale and I would be comfortable buying this stock maybe on declines. "
By 
| Updated:
| Updated: Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in an interview with ET Now talks about MindTree.
What is the call on MindTree?
Whatever the news is has been discounted positively by the market and looks good for the company in the stake sale and I would be comfortable buying this stock maybe on declines.
From now on, declines to possibly 385. Below 375 say 374-373 can be a good stop loss and I would play for a first target of around 430 and once above that, this stock can even scale to 455 to 460 but that would be over a couple of weeks' time or maybe a little bit more than that.
What is the call on MindTree?
Whatever the news is has been discounted positively by the market and looks good for the company in the stake sale and I would be comfortable buying this stock maybe on declines.
From now on, declines to possibly 385. Below 375 say 374-373 can be a good stop loss and I would play for a first target of around 430 and once above that, this stock can even scale to 455 to 460 but that would be over a couple of weeks' time or maybe a little bit more than that.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Buy in Auro Pharma & Coal India: Sandeep Wagle, Power My WealthADVERTISEMENT
