ssudhirsharma11

#Tata ELXSI making cup&handle pattern, 27% upmove possible?

Long
NSE:TATAELXSI   TATA ELXSI
TATA elxsi on weekly time frame has made nice cup & handle pattern. And if we calculate the depth of this range then we can expect around 25-27% upmove till 10000/10294. Off course there are multiple resistances at 1) 8627 2) 8953 3) 9420(important FIB resistance) where booking some profit or trailing SL will make sense for me. Let's if this stock can give some fireworks on upside or not.

Happy Diwali everyone :)
Trade active:
This week made high of 8576
Trade active:
2nd target also achieved, now bringing trail SL of remaining qty at 8300
Trade closed: stop reached:
thankfully TSL of 8300 was placed which was hit and now price is at 7641. Now waiting for it stay at current level and then break out to initiate new longs

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