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TataElxsi- It's Elxsi or Expanding! Bottoms Picked at 2408
TATA ELXSI LTD
Long
TataElxsi- It's Elxsi or Expanding! Bottoms Picked at 2408
By WaveTalks
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Updated
Feb 1, 2021
2
6
6
6
Jan 31, 2021
Recap from Last Idea-
Bottoms picked in 2400-2425 (Support Zone) suggested @ 09:46 Hrs / 25th Jan2021- continue...
Structure unfolding as expanding structure with key level- 2530 (suggested in last idea) & critical level-2408
-----------------------------
Trading Strategy
-----------------------------
Plan A -
Buy Above 2735 for 2850 & strictly above 2850 for 2950-3000 zone
Plan B -
Buy with stops below 2530 for 2735 / 2850
Plan C -
Sell once stock falls below critical level- 2408 for target 2280 / only below 2280 for 2025 / only below 2000 for 1525
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Last Idea Published @ 24th Jan2021
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Feb 1, 2021
Trade active
14:57 Hrs / 1st Feb 2021
Last @ 2848
Only Above 2850 --------If holds then look for higher targets
Feb 1, 2021
Trade closed: target reached
Final Target Done @ 3000+ -----------Plan A completes as suggested in the main idea.
Beyond Technical Analysis
elliottwaveforecasts
elliottwaveprojection
expanding
expandingdiagonal
expandingendingdiagonal
impulsewave
Trend Analysis
Wave Analysis
wavetalks
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Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
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