Technical Stock Pick Buy Tata Elxsi Ltd For Target Rs. 4200 - HDFC Securities
Technical Stock Pick Buy Tata Elxsi Ltd For Target Rs. 4200 - HDFC Securities
TECHNICAL OBSERVATIONS
Symmetrical Triangle Breakout on the Daily chart
Breakout in price is accompanied by rising volumes
Nifty IT Index has broken out from consolidation pattern on the daily chart
Primary trend of the stock has been bullish with higher tops and higher bottoms
Indicators and Oscillators setup has turned bullish on short term charts
Short term moving averages are placed above long term moving averages
Buy Tata Elxsi Ltd Up to 3 months @ Average Level 3470 CMP 3660 TGT 4200 SL 3390
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