#TataElxsi achieved an all time high price of 10760 in Aug 2022 and after that corrected to 5700 in Dec 2022. Almost 47% correction from the peak price.
Technically the price has smartly reversed from the demand zone and today closed at 6655 almost 955 point up from the low.
Very strong midcap IT company and perfect time to add to the portfolio with stooploss of...
Short Opportunity -
Tata Elxsi has formed Inverted Cup & Handle pattern, which indicates the bearish movement will come soon. The neckline of this pattern of Rs. 6550.40 is strong support for the previous days. The CPR is narrow and at the downside, which means a strong bearish movement is expected. The CCI is near the -100 level and MA is headed to the downside....
Short Opportunity Expected -
Tata Elxsi is in a sideways zone. there was no such movement given in this stock on the previous trading day. But the narrow CPR is indicating the movement is expected in this stock. If the first candle closes below 6926.70 then there will be a bearish movement (high chances on bearish) as the VWAP has crossed the MA. But we have to...
TATA Elxsi Triangle Formation is almost complet you can buy this share at present level this stop loss is 20 MA.
And target is the previous high.
For Long term you can buy this level, company Fundamental good, and Future is Bright.
Tataelxsi weekly bullish flag formation for investors
Strong fundamentals for positional long term with tp of 3366-3699-4064
can average on correction for long term
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Disclaimer: Only for educational and learning purposes.
Note: This is for educational purpose only.
As per the price action, there seems to be a dynamic support at 21 EMA. Post pullback, there seems to be a bullish hammer formation at 21 EMA.
Expecting price to bounce back.
A nice breakout occurred here in #tataelexsi with strong RSI. stop loss could be 1230. To be bot above 1320. above means above 1320 . my view only may be 100% wrong
Add this stock to your portfolio when comes below the key level mentioned on the chart.
Even though the volume is giving sign of short end but key break on daily chart of major trend gives an indication and opportunity to add
