Hello Traders,
TATA Elxsi had taken support in April 2025 and bounced back from around 4800 levels.
After that, it has been in Sideways to bearish trend and have agin tested support zone last month.
There was strong pull back seen in the week of 15th Dec 2025. Also this week's closing is with Dragonfly canclestick with less volume.
It seems this is and consolidation phase and it may get trendy after the breakout after closing above 5600 on weekly basis.
Let's see how this stock moves further from current zone.
Note: This post is for information purpose only. Please do not consider this as Trading or investment recommendation.
TATA Elxsi had taken support in April 2025 and bounced back from around 4800 levels.
After that, it has been in Sideways to bearish trend and have agin tested support zone last month.
There was strong pull back seen in the week of 15th Dec 2025. Also this week's closing is with Dragonfly canclestick with less volume.
It seems this is and consolidation phase and it may get trendy after the breakout after closing above 5600 on weekly basis.
Let's see how this stock moves further from current zone.
Note: This post is for information purpose only. Please do not consider this as Trading or investment recommendation.
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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.
Related publications
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.