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* On a daily chart, the stock has formed a Big Bullish Candlestick with above-average volume which suggests an accentuated buying activity in the counter.
* Moreover, the stock has given a breakout of its range bound movement which suggests a robust upside movement in the counter.
* Furthermore, the stock has been trading above its 21 Days Moving Average which is placed at 969.00 level which indicates a positive momentum in the counter.
* A daily momentum indicator RSI reading is at 64.30 level with a positive crossover which points out for a positive breath in the counter.
* Based on the above technical structure, we are expecting a good upside movement in the counter in an approx. on week.
Buy Tata Elxsi Limited @982.00-991.85 SL 952.00 TGT 1072.00
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