Mind Tech(India)ltd - Rs.35

Mind tech Limited seems to have come out of consolidation for last 13 years. it has fallen from around Rs.500 Levels in 2000 to around 10 levels in 2012-13. The stock seems to have formed a triangle over a period of last 13 years and has broke out of it lately. Even the volumes were very high on break out confirming the genuiness of  the break out. Techncially target is on very high. Stop Loss:200 day EMA currently at Rs.24.

 

M.Sri Mahidar

Trend is Friend.