#TataElxsi achieved an all time high price of 10760 in Aug 2022 and after that corrected to 5700 in Dec 2022. Almost 47% correction from the peak price.
Technically the price has smartly reversed from the demand zone and today closed at 6655 almost 955 point up from the low.
Very strong midcap IT company and perfect time to add to the portfolio with stooploss of 5600. One can expect again the ATH in coming months.
For IT companies has already seen the worst as US and Europe are facing recession but one fact is also that IT is the backbone for cost correction of any company's woriking.
Till now low volume which may be due to silent accumulation by strong hands.
Technically the price has smartly reversed from the demand zone and today closed at 6655 almost 955 point up from the low.
Very strong midcap IT company and perfect time to add to the portfolio with stooploss of 5600. One can expect again the ATH in coming months.
For IT companies has already seen the worst as US and Europe are facing recession but one fact is also that IT is the backbone for cost correction of any company's woriking.
Till now low volume which may be due to silent accumulation by strong hands.