TATAELXSI
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***
TATA ELXSI, SwingSmall pole and flag forming in TATA ELXSI. Wait for a break from the upper end of the flag for a target of a 3920 near 52 W high and stop loss of 3400. If it breaks below do not enter. Wait for it to reach 3400ish levels.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
Tataelxsi weekly bullish flag formation for longtermTataelxsi 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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TATA ELXSI Symmetrical Triangle BreakoutTATA ELXSI Symmetrical Triangle Breakout
Target- 3350/3400
SL- 2755
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
It is also Forming Bullish Pennant on Daily Chart.
Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.