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Tata Elxsi an IT company was having a bull run, since last 5 months.
RSI went above 70 for the first time on 19/04/2018, indicating strong bullishness.
Stock has formed a top at Rs. 1259.90 on 26/04/2018. Since then it is moving sideways and on 04/05/2018, it went down with increase in the volume and also RSI closed below the 70 first time, indicating bearishness in the script.
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