Tata Elxsi - Bullish Stock at strong support area
Risk reward excellent
Expect 5 figures soon
Self explanatory chart
Tataelxsilong
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 Elxsi Well Tested Inverted H&S A breakout of an inverted Head and Shoulder pattern on the weekly chart of NSE:TATAELXSI has been retested. One can look the charts and take the tradi as per their risk apetite.
Exit the position if the stop loss is triggered on WCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
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..
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TATAELXI to take long entryLong TataElxi above 8800 with SL 8350 for the target price of Rs 9500-10000. Very good stock. This can be kept for the long term too. Good Risk to Reward ratio. All important levels have been marked on the charts. This is for your educational purpose only.
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 Mid term swing entryNSE:TATAELXSI Strong uptrend in this stock today it retested and bounced back from the previous breakout lvls which was also the golden fib zone TP1 - 9266 , TP2 - 964 , TP3 - 10967
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
Tata Elxsi breakout on its daily chartNSE:TATAELXSI chart breakout on 30th June. Go for a long position with the stop loss of 4090. You might see a very big uptrend in the next coming month.
Keep watching Tata Elxsi. It might change your life.
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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Disclaimer: Only for educational and learning purposes.
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.
Trade Idea #9, Long on TATAELXSI Only for Educational Purposes!
Trade based on your money management. Any Queries comment below
Tata Elxsi - Bullish Hammer post pullbackNote: This is for educational purpose only.
As per the price action, there seems to be a dynamic support at 21 EMA. Post pullback, there seems to be a bullish hammer formation at 21 EMA.
Expecting price to bounce back.
TATAELXSI Long Setup [Intraday]NSE:TATAELXSI Possible reversal buy opportunity based on 15M demand zone at 634.20 with SL at 631.5 and three potential targets are mentioned on the chart.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
