UpSwing to kick-off in Tata-ElxsiBSE:TATAELXSI
Recommendation--> Buy: 1490 - Sell: 1535, 1560, 1600 - StopLoss: 1470
RSI is near 50 which will cross the 60,70 and 80 levels in 3,7 and 10 trading days
Trading sideways in the range of 4.25% (1411 - 1470 - 1530) for 3 months.
On Balance Volume constantly increasing which means accumulation is happening before next breakout.
Currently at the price levels of 'GoldenCross' which was formed on Jan 27, 2017 (2 months back)
Boolinger Bands squeezing with a very high possibility of a breakout above upper band.
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