TATA ELXI - Eyeing for 50% upside1. As per the price formation expecting a W type formation.
2. Has the potential to reach to ATH from here.
3. RRR is favourable.
Trade Plan:
1. ENTRY = CMP
2. SL= 10%
3. TP = As marked in the chart.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Elxi
TATA ELXI, WAITING FOR RETESTTATA ELXI
Good Chart pattern is formed, has been taking support at TL.
Fresh breakout is given on 2Hr TF, but waiting for retest of BO.
Will make position if retest is done or if it sustains above 3903 for more than 2HR.
RSI Is showing negative divergence, hence there is a chance that it will retest the BO.
***I AM NOT RESPONSIBLE FOR YOUR PROFIT AND LOSS. DO YOUR OWN SELF ANALYSIS***