TATAELXSI: Swing low
Seems it has formed bottom. Nice swing is seen on daily chart. Today's candle has engulfed yesterday red candle (day closing to be seen for confirmation), With this view it is in process of formation of DZ (Observe the box marked) with price just leaving, it has 2 candle in base so strength is moderate. Target SZ also marked with good...
16-07-2019
Broken long term trend line..
794 is the crucial level to watch, if it closes below (weekly) then might slip to 700 levels..
As off now I avoid buying at this level, Only buy can be initiated close above 860 levels
This one is coming down from Quite a while ,
I am looking one of the possible reversal pattern here , I would wait until my pattern gets confirmed by reversing with the price band
with strong volume
Look for buying opportunity ,
this trade is positional and long way to move up
Tata Elxsi Limited is engaged in the design and development of computer hardware and software. The Company operates in two segments: System integration & support, and Software Development & Services. Its system integration & support segment is engaged in implementing and integrating systems and solutions for computing, broadcast, virtual reality, storage, and disaster recovery. Its software development & services segment comprises three business divisions: Embedded Product Design, which provides technology consulting, new product design, development, and testing services for the broadcast, consumer electronics, healthcare, telecom and transportation industries; Industrial Design (ID), which services a range of industries, including automotive, consumer electronics, retail and consumer goods and healthcare, and Visual Computing Labs (VCL), which provides three dimensional (3D) animation services, addressing content development for feature films, television and advertising commercials.
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TATAELXSI
