TATAELXSI trade ideas
Tata ElxsiTata Elxsi can be shorted once MACD becomes negative, RSI and MFI and Bollinger Band shows divergence, aggresive ones can go short righ away with stop loss of 835 for the target of 803 and if it breaks below 800 one can hold shorts for target of 771 since MACD transition from dark green bar to light green bar shows it has already started to turn, someone who wants to prempt the move can short immediately looking at risk to reward, however conservatives may wait till MACD shows a red bar below zero level
Tata Elxsi Trade Setup for 24 Aug 2019Reason(s) for Trade:
Stock was moving in a channel range
RSI Positive Divergence
Channel Breakout with Average+ volume is seen
Trade Setup:
Buy if goes above 654.00
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