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TATA ELXSI Share Tips - Stock to extend its gains after major Triangle Formation breakout. (Updated On 30th June 2014, Monday).

  • As per previous report given on 26th June 2014 (Visit link - Tips On Share TATA ELXSI) stock gave a sharp move after breaking its triangle formation, Technically stock will favor bulls and on upper side will face trend line resistance around 670.
  • (Short term trend) - Weekly chart indicates that stock is moving up from 38.2 % fibonacci retracement and 20 weeks moving average, as long as holds above stock will favor bulls for short term trades
  • (Long term trend) - Monthly chart indicates that stock is coming down from 261.8% fibonacci retracement and now correcting. Once Tatat elxsi closes above 261.8% fibonacci retracement then stock will favor long term bulls till then no clear direction for long term traders of TATA ELXSI.
  • Previous report you might find it intresting reading - Tips On Share Alstom T&D (I).

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