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Stock that rises 76 per cent in 23 trading sessions, what should be its next course of action?

Vinayak Gangule 0 1297 Article rating: 3.8

From the low of Rs 1,468, the stock of Tata Elxsi Limited has gained nearly 76 per cent in just 23 trading sessions. However, on Thursday, the stock has formed a bearish engulfing candlestick pattern on the daily chart, which suggests a pause in the uptrend.

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