Archive · 7 Jun 2025
Tata Elxsi: Analyst Recommends Buying Call Options
The stock of Tata Elxsi has been going up since April, but lately, it's been moving sideways.
The analyst thinks it could go higher, possibly reaching ₹6,800 if it breaks past ₹6,535.
Investors should consider buying call options (bets that the stock will go up), but the analyst advises waiting for the stock to either break out above ₹6,535 or drop to ₹6,240-₹6,100.
If the stock falls below ₹6,100, the analyst suggests selling any call options.
Tata Elxsi stock has been in an uptrend since rebounding from ₹4,800 in April 2025.
The stock reached a four-month high of ₹6,535 on May 29 before consolidating.
The stock has been trading sideways between ₹6,360 and ₹6,535 recently.
Analysts suggest buying call options after a breakout above ₹6,535 or a decline to the ₹6,240-₹6,100 range.
If the stock price falls below ₹6,100, it is advised to exit the long positions.
- Who
- An analyst providing financial advice to readers.
- What
- Analysis of Tata Elxsi stock, specifically call options.
- When
- As of June 5, 2025, analysis based on market data.
- Where
- Not explicitly stated, but implied to be the Indian stock market.
- Why
- To provide investment advice based on current market trends and technical analysis.
- Current Tata Elxsi Stock Price
- ₹6,460
- Stock Rebound Starting Point
- ₹4,800
- Recent High (May 29)
- ₹6,535
- Recent Trading Range
- ₹6,360 - ₹6,535
- Key Support Level
- ₹6,100
- Potential Rally Target
- ₹6,800
- Publication Date
- June 5, 2025