TATAELXSI
tata elxsinegative rsi divergence on weekly got sorted out with the fall in tata elxsi but divergence on daily still need to sort out...
can we see 5300 again for this to sort out??
tata elxsione of the best stock in technology, each time taking support at trend-line and perfectly bouncing from it.
perfect stock for SIP
Tata Elxsi - Short OpportunityShort 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. So, we can go for short if this stock retests at the neckline.
Tata Elxsi - Short OpportunityShort 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 wait till the CCI enters the -100 level.
Short CandidatePrice has strectched beyond its averages while the market is going the other way. Its bound to come down for good correction. Let's see !!!!!!
Disclaimer: View for Educational Purpose only, not to be considered as trading/investment advice.
Tata ELXSI
Strong support from the trendline is observed.
Upside movement of around 20% can be expected in the following 3-4 months timeframe.
Good investment stock
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together .
Tata Elxs trying to break a triangle pattern on Daily ChartNSE:TATAELXSI
In a triangle range from last 2 months. Either side breakout can give a good opportunity either in long or short. Keep an eye.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
Tata Elexi - double bottom formationTata Elexi is now moving in the same formation for quite sometime it has to cross the marked entry point for a good uptrend movement.
It has been giving closing in red 4 times in a week. Once it crosses and closes above the entry point it will be an uptrend
tata elxsi52week breakout and retest
keep sl 6100
target open
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
TATAELXSI Looking Bullish Above 6250TATAELXSI Looking Bullish if sustain & close above 6250 will touch 6350-6450-6600 in coming days
TATA ELXSI....new targets!!The stock is now moving up and is out of its consolidation.See chart for targets.
Tata Elxsi DailyTata Elexi made a Higher high after the recent Tata surge and made a double top after.
It is a bit overvalued in this stage and if it breakes the the support , you might find a good shorting opportunity till it's base.
Also for traders taking delivery , a good long opportunity can be seen near the target price.
TATA ELXSI'S BEST BUYING ZONE. BULLISH SHARK PATTERNTata Elxsi has outperformed its peers over the year. Everyone's looking for the right entry to buy the stock.
Now's the chance to buy the stock if at all it reaches the PRZ/demand zone mentioned on the chart.
The stock may exhibit the XABCD bullish shark pattern, which is completed only if the price reaches the mentioned demand zone.
Buy in the demand zone and place stoploss below the demand zone on the price closing on daily timeframe.
The targets are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
TATAELXSI Bullish Trend AnalysisTATAELXSI
1. upside price movement
2. up chennel pattern movement expect target level
Long on TATA ELXSILong on Tata Elxsi
Scrip has shown positive signs of a breakout before going to the consolidation zone. Results upcoming shortly could trend the stock in an upward direction of 7-8% to observe and learn.
Be wary of downside too, if the channel is broken or 4800 on closing basis would not be a good sign. Please perform your own analysis.
Pl note: Not a recommendation. Consult your financial advisor or be responsible for your actions.
TATA ELXSI [head and shoulders pattern]Selling if the price breaches the neckline of the pattern and sustains.
But in a bullish market if the pattern fails, buying only if price sustains above the high of the right shoulder.
TATA ELXSI AGAIN Nicolas Darvas Box FormationYou Can See The Nicolas Darvas Box Multiple Time Formation in this Chart,
What is Your View.
Tata ElxsiTata Elxsi
- Pennant pattern formation with 30 DEMA support.
- Volume and Price contracting within the pennant triangle.
- On the verge of breakout, prefer with good volumes.
- Can go long on breakout of pennant triangle.
- On weekly chart, stock in Stage 2 uptrend, this pullback may be an entry opportunity in uptrend for traders.
Only for educational purposes. Not a recommendation.
SellSell with sl abv 4310 for target of marked levels on downside
Disc : it's not an investment advice to buy or sell
