Tata Elxsi, JSW Steel: Trading strategies for stocks near 52-week high

The OFSS counter is heading towards Rs 3,600-mark as per the weekly chart.

On Friday, a number of stocks hit their fresh 52-week highs or were hovering around their one-year peaks in the morning deals. In comparison, the benchmark S&P BSE Sensex was quoting 0.28 per cent higher at 40,673.25 levels.

Let's take a look at what charts indicate for some of the stocks that are trading around their 52-week highs.

Tata Elxsi Ltd (TATAELXSI): The stock has doubled in the last four months indicating a strong momentum and a positive sentiment, which is likely to stay highly optimistic going ahead. Till the counter trades above Rs 1,400 levels, the medium term perspective