Observed the stock to break the resistance with good volume at the breakout.The stock can be bought at the current market price with the stoploss being the recent bottom made and the target to be calculated with a risk reward ratio of 1 as the expectation is that the trend might be bullish.The MACD indicates that the trend is going to be bullish and the RSI also indicates there might be an upward trend.
Tata Elxsi-Bullish-07Apr2017
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Stock Analysis
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Bullish View
Bearish View
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