As mentioned in my previous post
http://analyzestockmarket.blogspot.in/2012/08/mindtree-aug-13th-to-aug-17th-eod.html
Mindtree touched 620 to confirm wave 2 correction and went up all the way to 662 in just one trading session. I had given a wave 3 target of 666 and it has pretty much reached there in a day
Technical Indicators
Parabolic SAR has started to show below candle stick charts which indicates momentum and as per Elliot wave analysis, wave 1 and 2 have completed and today wave 3 has started which may go near 266 to 270 zone and after which will see some mild correction as part of wave 4. My wave 5 final target is close to 690+ level
Summary
Keep accumulating mindtree on dips and aim for a target of 680 to 690 in coming trading sessions. For those of you who have bought this stock basis my buy call can take partial profits around 662 levels and keep the remaining for next level move
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