$TATAELXSI 61.8% Fibonacci Retracement Holding

After correcting nearly 60% from its peak, Tata Elxsi has found support around the 61.8% Fibonacci retracement level of the entire 2020–2022 bull run — a zone often watched by long-term investors. Price has repeatedly defended the ₹4,300–₹4,400 region, suggesting selling pressure is fading. Sustained trading above this level could indicate that a long-term bottoming process is underway. While confirmation would require higher highs and improving momentum, the current structure suggests the stock is attempting to build a base rather than continue its previous downtrend. $TATAELXSI