TATAELXSI trade ideas
TATAELXI is ready for downsideTata Elxi has taken support four times on monthly chart. Expecting target for 868 in upcoming 15-20 days. Stoploss would be 1000 and target would be 870-865
TataElxsi short term target 1045Trade is active now. It will reach 1045 in the short term.
Buying Range: 950-925
SL:915
Target: 1045
Presently in bearish move.Tata Elxi has broken 1/1 support on closing basis and is in down trend. It may find support at 2/1 angle which is likely to be met at 860. If it finds support at 860, intermediate target will be 1200
TATAELXSI Long, drying of volume as the market moves down. Tataelxsi, has drying volume as the market moves down. Which is the symbol of weakness.
Though we did not have, strength returning lets check for tomorrows trade to see if the strength returns.
If the strength returns, this is Bullish.
Tata Elxsi EMA50 brokentrendline support around 985.
once below 980, can touch 960, 930
till rsi takes support around 35
