Buy Tata ELXSI 40% gainTata Elxsi may give a buy signal according to range bound trading strategy if it falls more from the present levels. The lower point of the range is 6436 and the upper limit of this range is 9043. So you need to buy at 6436 and sell at 9043 for around 40% gain. The stock has covered this range for three times in the past. There is another range with lower limit 5895 and upper limit again as 9043. So you need to buy at 5895 and sell at 9043 for around 51% gain in the stock. The stock has covered this range for two times in the past.
Please do your own analysis before investing.
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