GOING SHORTHello friends I am sharing a short idea for TATA ELXSI which is looking hanging between two important support zones and gives a close below (BREAKDWON) from upper support so it is properly visible that is going to touch it's second support zones so that this is the reason we can make a short position in it with the expectation that it will going to touch the lower support area for the target of 5857 and 5737 (second support zones) with the stop loss of 6260 above a day close candle as we can see on daily chart the volumes are drying from last many sessions and by the today's volume bar getting the indication that big selling was initiated in today's session this is and ideal pattern for profit booking too which stay remained in it after a buy from recent swing lows and a can make a possible entry too from strong support zones if will get a bounce from there.
Reason Of Short-:
1- Gives a close below on important support.
2- Selling Volume spike which is indicating coming weakness.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
