skbharathi

TATA-Elxsi-rising above falling TL

Long
NSE:TATAELXSI   TATA ELXSI
Tata Elxsi-hourly chart indicates that price is trying to move above the falling Trendline
Also RSI doesnt show any weakness
can it reach the levels of 1406 with stops @1353
Trade closed: target reached: The stock moved upto 1420 and closed at 1400.