Tata Elxsi – Reversal

Important Levels: Support: 6,800 – 6,500 Resistance: 7,500 – 7,900 Structure: Downtrend → base formation Business: Focus on design, ER&D, automotive software Strong in EV, media, healthcare tech Premium positioning vs regular IT Earnings: Growth slowing vs earlier highs Margin pressure visible Long-term story intact (auto tech + EV) Verdict: 👉 Quality but beaten-down stock 👉 Reversal only after strength confirmation