Tata Elxsi - Bullish Stock at strong support area
Risk reward excellent
Expect 5 figures soon
Self explanatory chart
Tataelxsianalysis
TATAELXSI BUY For Long TermInitiate a BUY position on TATAELXSI. We can see 10000 in the coming months. Hold for a long term.
This Idea is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
Good Luck!
TATA ELXSIPast one year it was trading in the box now going to break that box and you can see the points marked for trading.
Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
Wild Bull 📈 There's a potential movement upside to 9181 (21st june) --- 9333 (12th july)
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Technical Analysis: Tata Elxsi Breakout📈 INTRODUCTION 🚀
In this technical analysis, we'll explore the breakout in Tata Elxsi's price. Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst. Let's dive into the details!
📊 KEY DETAILS 🚀
🔹 Tata Elxsi's price has been facing resistance since October 2022.
🔹 The resistance supply zone was around 7445 to 7157.
🔹 On the other hand, the price found support at the monthly demand zone.
🔹 The breakout occurred with good volume, indicating strong momentum.
🔹 Before the breakout, the price halted near the resistance, which is a positive sign.
📈 TRADE SETUP 🚀
Based on the analysis, here's a potential trade setup:
🔹 Entry: Current Market Price (CMP) of 7508
🔹 Stop Loss: Below Friday's low, around 7198 with buffer
🔹 Target: Around 8307, just below the daily and weekly supply zone
🔹 Risk-to-Reward: 1:2.5, which is a favourable ratio
📚 EDUCATIONAL INSIGHTS 🚀
Before we conclude, let's define some technical terms for new traders:
🔹 Resistance : A price level where selling pressure exceeds buying pressure, causing the price to pause or reverse.
🔹 Support : A price level where buying pressure exceeds selling pressure, causing the price to pause or reverse.
🔹 Breakout : When the price moves above a significant resistance level or below a significant support level, often accompanied by increased volume.
🔹 Supply Zone : An area where sellers are likely to be present in large numbers, causing the price to struggle to rise further.
🔹 Demand Zone : An area where buyers are likely to be present in large numbers, causing the price to find support and potentially reverse.
Remember, it's essential to continue learning and understanding these concepts to become a skilled trader.
🙌 CONCLUSION 🚀
In conclusion, Tata Elxsi has experienced a breakout from its long-standing resistance. Based on the analysis, a potential trade setup has been identified. As always, do your own research and exercise caution while trading.
If you found this analysis helpful, please like and follow me on TradingView for more articles and trade setups. Your support, likes, follows, and comments keep me motivated to write consistently. Thank you!
BTST : TATA ELXSI
Good Day ,
Hello Traders,
BUY TATAELXSI
CMP 8576
SL 8456
TGT 8816
Estimated Profit 2.8%
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
Tataelxsi is looking BullishTataelxsi has given the breakout of a Triangle, follow chart for more details like SL and Target.
TATAEXSI SWING OPPORTUNITY IN AUG 22TATAELXSI SWING TRADE
Its a best buy trade
Buy at 8200
Stoploss 8020
target- 8800
Tata Elxsi: Positive price action and Darvas box formationAt 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.
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.
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.
