Tata Elxi - Long position - Technical Analysis

8 Nis 2017

This stock corrected from 1900 levels. Most important in the last 2 months its in swing trade in closed range. It crossed the resistance of 1530 level and retraced back. Now 1525-1530 formed support. From here stock might go long and hit first Fibonacci levels i.e 1900 levels in the next 4 months making 23.8 percent gains.