Tata Elxsi on
a daily chart, stock price has given a breakout of long downward sloping trend
line at Rs. 1637 level, with increase in volume, indicate rally would continue
towards multi month. Momentum oscillator MACD & RSI is rising towards
north, which add more bullishness for the stock price. On chart we witnessed
stock price continuously taking support at 1595 level, and bounce back from the
same level.
Trader or investor can accumulate for the target of Rs. 2000/2300 level, with Rs. 1600 stop loss on closing basis.
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