THE TATA ELXSI CHART SHOW STRENGHT IN THE TREND.THE SHARE IS RSI IS ABOVE 60 AND ADX is above 20 and positive trend. If you are want to any IT share for investment this is the good.
I am bullish in the stock
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Warriors,
Look at TATELXSI..
I do believe we need to see this week's close but for the next few days it looks bullish !!
See the levels and act accordingly !!
Cheers!
Knight Kumar
Tata Elxsi a giant trying to wake up from slumber. It has not woken up yet. It will fully wake up only after closing above 6877 but till then here is what you can do.
Tata Elxsi provides design and technology services to various companies across sectors like Automotive, Broadcast, Communication, Healthcare and Transportation. Company is also helping customers...
Some interesting observations
1. In Weekly time frame, If we draw GANN Resistance Fan taking low of 16 March 2020 and place 0.618 line on highest price . You see almost perfect price alignment on Gann fan lines
2. Daily bullish divergence on RSI & MFI. Retest of 5900 is possible, followed by rebound to test 6000 - 6150 Rs. This could be speculative PA and not...
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design...
On the chart as you can see there was good support on CMP price in previous taken support here and bounce back ypu can keep it on watch list and on any signal of reversal like bullish candle . It could we a good swing trade
