Tata Elxi has posted superb numbers.
Trading at a 52 week high.
Look at that weekly chart.
It's going to be in an open movement upwards. Brilliant setup. Buy at current levels with at least an upside of 5-6 %.
TATAELXSI stock is on bullish mode & making higher highs and in uptrend. stock is also taking the minor pull backs & trading above the 20 EMA levels . Long entry can be taken above the level of 1075. conservative traders can take entry after the BO level of 1085 for the next level above the 1100 with the SL of 1058. In this uptrend please trail the SL of 1055. so...
Major support at 840 to 860 zone.
Price moving in a channel.
Price making higher high, higher low.
Movement is clear in the chart.
Entry around 850. Target 905, 947, 977.
Sl - 840.
Trade will be active and valid only if moves as per forecast.
Entry might be on tuesday.
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