Tata ElxsiTata Elxsi gave a breakout of a falling trendline few days back. Now it has given a retest of the trendline and has started its uptrend again. You can a small tight consolidation and a breakout of that range in 4hr timeframe today. A closing of this candle can be a buying opportunity.
Check the chart image for all the entry targets and stoploss and reason for the trade.
Target 1 and stoploss is for short term traders. For long term traders they can look for target 2 and even higher target as this is good pick for long-term.
Disclaimer- This is just for educational purpose.
Jai Shree Ram.
