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WaveTalks
Jan 24, 2021 4:31 PM

Tata Elxsi- Short Term Buy Above 2530- Sell Later  

TATA ELXSINSE

Description

Plan A -
Buy Only Above 2530 for 2665 / 2850 / 3025-3050

Plan B-
Resistance in 3000 - 3100 Zone - If stock moves up & halts close to or in the zone 3000-3100- Traders have to be careful as correction could be expected later for 2530 / 2280 & lower targets

Plan C-
Sell only below 2530 for 2280 & lower targets

Thanks & Have An Exciting Week Ahead

Trade active

09:46 Hrs / 25th Jan2021

Last Price- 2427

Book 100 points if taken sell below 2530 ---------2400-2425 is minor support zone - if 2400 holds then bounce can be expected else going below 2400 - next downside target is 2280

Trade active

10:20 Hrs/ 25th Jan2021

Last Price- 2493

Support holds 2400-2425 as suggested 40 mins back


Comment

It stopped just below 2530 -------This time at 2518

Trade active

11:10 Hrs / 27th Jan2021

Last @ 2629

Heading up in the last leg from 2400-2425 support zone

Trade closed manually

Thanks
Comments
mukeshsingh92
On daily chart script is way above 20DMA. So don't you think, buying even above 2530 is not going to give substantial move. It has to correct and kiss 20DMA. or should give time wise correction so that 20DMA moves up and kisses the price. then only a substantial gain is expected. Correct me please if I am wrong..
WaveTalks
Akshay77
Thank you sir.
Shivam93
Seems like engineering for designing a diagonal end.
WaveTalks
@Shivam93, 😜
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