Long on Tata Elxsi
Scrip has shown positive signs of a breakout before going to the consolidation zone. Results upcoming shortly could trend the stock in an upward direction of 7-8% to observe and learn.
Be wary of downside too, if the channel is broken or 4800 on closing basis would not be a good sign. Please perform your own analysis.
Pl note: Not a recommendation. Consult your financial advisor or be responsible for your actions.