sykhan

Tata Elxsi- Long on weekly chart

Long
NSE:TATAELXSI   TATA ELXSI
Tata Elxsi:
On weekly chart long position is seen with current price low in curve.
Current levels also see side by situation, it has good support at around 950.
In between this long position a intermediate zone (marked in red) is seen and will act as resistance.
Now if we switch to daily chart , demand zone remains almost the same and supply zone slightly above the current price with ds current price is high in curve on daily chart .
Waiting for prices to retrace in demand zone or near by for good R/R.

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