lONG TATAELXSILong can be taken around 820- 828 level, with a stop of 770.
the first target will be 928 a, the second target will be 1000 level.
Disclaimer - This is my personal view, please consult your advisor
before investing/ trading.
TATAELXSI
Tata Elxsi Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Appreciate via Liking and Commenting , with boost up my moral for More Post with perfect Entry Exit Target setup.
Wait for entry setup, if available then Long/short.
R:R is 6 to 10 times.
TATASTEEL SUPPORT AND RESISTANCEKey Levels for TATA STEEL are :
Upper Breakout~350
Interim Resistance~355
Final Resistance~361.50
**Lower Levels**
Lower Breakout~337
Interim Support~330
Final Support~324
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Tata elxsi !! Guys do like comment and follow Guys do like comment and follow for more number of calls
TATA ELXSI ANALYSIS- PLAYING W/ DOUBLE BOTTOMLets look at the analysis --->
1> EW ANALYSIS :-
Assuming this trend from 1490.9 level in corrective phase, we will assume impulse wave completed at 830.1, after that it slightly got complicated, still we will keep prefer count as B as flat, now we might be in wave c of B.
2> Classical TA :-
a. the downtrend channel has given a breakout
b. formed a minor double bottom (named as double bottom 1) with neckline at 911 (marked with red horizontal line)
c. formed a major double bottom (named as double bottom 2) with neckline at 1002 (marked with violet horizontal line)
d. given a bullish divergence in oscillator(RSI)
e. bearish momentum has weakened and TS is about to make crossover w/ KS in ichimoku cloud
f. scrip got major support at 830/35 range.
3> Putting it all together :-
a. With current momentum and counting internal EW, it should touch the neckline of double bottom 1 at 911, if it breaches 869 without touching 911 levels, then it is something to take a quick look at the analysis again.
b, After breaking neckline decisively, we might see up-move towards 1002, which is neckline of double bottom 2 and height of double bottom 1. It might face some hurdle around 950 levels, that can a point to look for.
c. After breaking neckline decisively of double bottom 2, we might see up-move towards 1150/1195, this level again is height of double bottom 2 and 50% retracement of Fib levels. At the same level, there might be completion of wave c and B.
Overall, we need to keep in check with the swings of the scrip as it has not yet given breakout to any of double bottoms.
Regards,
Sharma Yogesh
Possible Move Up for CTata Elxsi might see a corrective up move to complete the C wave of the possible ABC (Flat) pattern it is in currently. Risk reward seems to be good too.
BUY TATAELXSI CMP 850 SL 820 TARGET 900/1000BUY #TATAELXSI CMP 850 SL 820 TARGET 900/1000
@Disclimer:- Make Own Research Before Take Action in Recos This Post only For Education Purpose Only
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Thanks !!
TATA Elxsi Bearish Head & Shoulders PatternTATA Elxsi
Bearish Head & Shoulders Pattern on Weekly Chart
Breakdown below 790 sustain
will lead Sharp fall till 752-693-641
Disclaimer: All the Recommendation/View Given in Arrowmoney are only for internal study purpose. Consult your financial adviser before making any investment decision.
