 "Derivatives strategy on Tata Elxsi April Future by HDFC Securities")
Derivatives call on Tata Elxsi April Future by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities:
Buy Tata Elxsi April Future at Rs 1072
Stop loss of Rs 1058
Target Rs 1100
Rationale: Long positions being built in Tata Elxsi Futures' today where we have seen open interest addition with price rise.
Stock Price has given breakout on the daily chart today with rise in volumes where it managed to close above the resistance level of 1150 odd levels with rise in Volumes
Also Read
Technology as a sector is doing well.
Short-term moving averages are trading above long term moving averages, indicating bullish trend
Momentum Indicators and Oscillators are Indicating strength in the stock for the short to medium term
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%