Tata Elxsi: Positive price action and Darvas box formation
Updated
At the current level I see a tight price action range.
Watch out when the price makes a significant move above 7800 (R1) and 7962 (R2), supported by volume action.
Price trading above 21, 50 and 100 EMA.
6754 and 5700 acts as strong support zone.
And always keep a stop loss of 5-8% if the trade goes wrong.
Note: Not a recommendation, but a personal analysis.
Watch out when the price makes a significant move above 7800 (R1) and 7962 (R2), supported by volume action.
Price trading above 21, 50 and 100 EMA.
6754 and 5700 acts as strong support zone.
And always keep a stop loss of 5-8% if the trade goes wrong.
Note: Not a recommendation, but a personal analysis.
Trade active
Level of 7962 crossed with good volume. Still positive on target of 9300.Note
Target of 9300 achieved on Mar 31 2022
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