Q1 impact: Mindtree eyeing 23% upside; HDFC Bank faces hurdle, charts show

Shares of Mindtree seem fairly placed and can rally up to 23 per cent, while ACC, HDFC Bank and ICICI Prudential Life need to conquer key levels for a fresh rally to emerge.

Shares of frontline companies were on investors radar post annoucement of Q1 results in the recent past. IT major, TCS surged 3 per cent, while MindTree gained 2.50 per cent on Monday. Similarly, ACC and ICICI Prudential Life Insurance Company also traded with notable gains. However, HDFC Bank dropped 1.50 per cent. 

Here’s a technical outlook of select stocks post Q1 results: -

HDFC Bank Ltd (HDFCBANK)

Outlook: Breakout above 100-WMA

While HDFC Bank is succeeding to hold the breakout range of Rs 1,270 to Rs 1,260, witnessed in late November last year, the next up move requires to conquer the