TATA ELXSI (I)
Stock has formed rectangle pattern in daily chart, technical indicates sharp movement can be seen once stock comes out from its pattern.
Upper side stock will find strong trend line resistance around 2025 as shown in above image, further price rise can be seen once it closes and holds above 2025.
Stock has also formed long bullish candlestick pattern with increase in trading volumes this will favor bulls.
Intraday TATA Elxsi (I) looks good if it holds above 2025.
Will find resistance around 2060,2080.
S.L - 2010.
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