It seems it will fall if it follows the head and shoulder pattern. Please note this is just a idea, please trade at your own risk.
Tata Elxsi long 882 Study in chart TGT 935 SL 850
Tata 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
BUY ABOVE 1014 WITH STRICT STOPLOSS BELOW 1000 FOR TARGET 1037
BUY TATAELXSI ABOVE 1050 FOR SHORT TERM TARGET 1080
Simple MACD study and negative news in TATA, mistry's confidential letter will be viral soon, which will talk about some debt...negative trigger!!
Waiting to fall from the cliff. Interesting to see how many times it will take support at 1615. If it breaks this support level, 10% downside looks visible. next support is at 500DMA.
This could have started a big move up. Seems worth it as the setup is invalidated if it makes a new low..
TataElxsi is giving a Buy Setup and is ready for a substantial upmove upon breakout. I would be buy stock around current levels with stoploss just below 1590 for a Target of 1800 / 2000. Details are on the chart. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook:...