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...
Tata elxsi at again at trendline support line... this stock is going making new high by taking support on this trendline if this trendline breaks then we can see a good momentum in down side direction or if take support here then again it will go up
It has taken multiple times support from a trendline at this time it can take support again, here we can enter with small SL and we can aim for higher targets.
NSE:TATAELXSI large cap IT stock is near the support of channel pattern formed since 2021-04-01
Pros:
Consistent increase in Revenue and Profit
Zero net debt, very low debt to asset ratio
Consistent dividend payer
Cons:
Trading at very high PE ratio.
Short term : For short term gains, buy at channel bounce around 8700 and above and exit at 20%...
TATA ELXSI GOOD FOR SWING TRADE
This stock is support the moving average 44 and support line so it is a good stock to buy
BUY =9085
sp =8800
1st target =9547
2nd target = 9800
Tata elxi is a strong candidate for a possible breakout from its immediate resistance. Wait for the price to cross the resistance level! Keep it in your radar! # Tata elxi # Breakout soon
