📊 Details
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of...
Seems like it's going up again.
The regular correction is finished...
The previous running flats move is also not seen...
Trade with a good risk management (if traded)
IT'S ONLY an idea 💡 decision is yours.
TATA Elxsi forms the flag and pole pattern, the market is at a crossroads, presenting traders and investors with both opportunities and risks. A careful analysis of the breakout or breakdown, along with volume confirmation, will be crucial in making informed decisions. Remember, while technical patterns provide valuable insights, it's essential to consider other...
A Weekly Bullish Cup & Handle pattern is visible on the charts of NSE:TATAELXSI
Cup & Handle pattern is a bullish pattern and it is visible on the charts after a meaningful consolidation in the weekly charts of NSE:TATAELXSI
MACD gave positive crossover on daily and weekly and monthly time frame it is on verge of giving breakout.
One can look to...
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Now i have brought another stock name of Tata elxsi. It also has given breakout and after breakout it has retested the levels and now it is ready to fly in blue...
After consolidating for more than 1 year Tata Elxsi
now seems ready for next upmove.
Good technical signals are
1. Resistance of 7150 region is acting as support
2. 20 and 50 moving averages are rising and giving support
T1, T2 and SL are no chart.
Company is almost debt free.
Company has delivered good profit growth of 25.7% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 36.8%
Company has been maintaining a healthy dividend payout of 59.8%
Tata Elxsi has been in a Consolidation phase for the last 3 months as seen below in a range between 7450 - 6992
The Green line indicates its support levels on a downside and possibilities to bounce at any of these levels
A Good opportunity to Add on dips at the Green Levels.
Targets
Tata Elxsi would need to break 7445-7450 levels to see levels of 8500-9000 as...
![TATAELXSI: TATA ELXSI[W] Consolidation phase over](https://s3.tradingview.com/e/eYYM6MM2_mid.png "TATA ELXSI[W] Consolidation phase over")
