If Breaks Then The Targets could be Taken at 7260 .
Time Frame :- 1 Day
Symbol Name :- Tata Elxsi
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At the current level I see a tight price action range.
Watch out when the price makes a significant move above 7800 (R1) and 7962 (R2), supported by volume action.
Price trading above 21, 50 and 100 EMA.
6754 and 5700 acts as strong support zone.
And always keep a stop loss of 5-8% if the trade goes wrong.
Note: Not a recommendation, but a personal analysis.
If Breaks Then The Targets can be Taken at 7497.
Time Frame :- 1 Hour
Patterns Name :- Parallel Channel
Symbol Name :- Tata Elxsi
Based on Your Own Risk this is only to Show you the Current Pattern .
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If Breaks Then The Targets could be Taken at 7525 and 7132 .
Time Frame :- 1 Hour
Patterns Name :- Head and Shoulders
Symbol Name :- Tata Elxsi
Based on Your Own Risk this is only to Show you the Current Pattern .
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bullish harmonic pattern was completed at point d and it fell off this level and good point will be 50% retracement of this point d for fresh long as shown with arrows, then, bullish ab=cd will be active . long at 6636 approx for target of 8975.
good luck
trade at your own risk
negative 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??
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...
Price 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.
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 .
NSE: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 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
52week 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.
