TATA ELXSI
Wednesday, 28 December, 2022
Stock name: TATA ELXSI
Symbol: TATAELXSI
CMP: 6431.65
Current Condition:
Stock made all time high levels of 10760 on 17/Aug/2022.
Stock has given 2052.22% return from covid time (stock price is 500 on 23/mar/2020)
Currently stock is in downtrend from August 2022
It has corrected approx. 47% from its all-time high level.
7638 is the resistance for the upcoming short-term period.
Buying strategy:
No suggestion due to lack of clarification.
Support levels are:
Support-1 | 5764 |
Support-2 | 3754 (could be act as a bottom levels) |
Resistance levels are:
Resistance-1 | 7638 |
Resistance-2 | 9019.25 |
Resistance-3 | 10760 |
Conclusion:
For small investor:
Avoid taking any fresh long position for investment purpose for some time (like 6 weeks).
Hold your existing position with the stop loss of 5764 on closing basis.
For high-risk investor:
Avoid taking any long (buy) position for investment purposes.
TATA ELXSI OVERVIEW:
Tata Elxsi, established in 1989 as a part of the Tata Group, is a leading global design and technology services company, specializing in providing innovative solutions in various industries, including automotive, media and communications, healthcare, and more.
Founding and Early Years:
Tata Elxsi commenced its operations as a joint venture between Tata Group and Elxsi Corporation, a US-based company focused on providing computer-aided design and engineering services.
From its inception, Tata Elxsi positioned itself as a provider of design and technology services, leveraging its expertise in software development, embedded systems, and product design.
Key Offerings and Expertise:
Automotive and Transportation Solutions:
Media and Communications:
Healthcare and Life Sciences:
Global Footprint and Collaborations:
Commitment to Innovation and Technology:
Partnerships and Recognition:
Adaptability and Future Prospects:
