trading360degreeee

TATAELXSI , Timeframe 1D, analysis

Short
NSE:TATAELXSI   TATA ELXSI
After breakdown of trendline it's continue falling down from 8200 level to 6430 level. Now trading at 6429 with immediate support of 6400 level. After breakdown of 6400 level it may fall upto 5900 level near the 500 moving average line. It may reversed from this moving average line & may face resistance at every higher level. After breakup of every higher level you will get new higher level.
7200 & 8300 it's a strong resistance for tataelxsi
In down side after breakdown of 5900 & 500 moving average you will get new 52 week low.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.