TATAELXSI trade ideas
TATA ELXSI LTD.NSE:TATAELXSI
TATA ELXSI LTD.
DATE - AUG 17, 2021.
TECHNICAL ANALYSIS.
1. Stock gives the BREAKOUT OF CONSOLIDATION ZONE.
2. Stocks traded on ALL TIME HIGH.
3. ALLIGATOR is positive.
4. SUPERTREND is positive.
5. High DELIVERED & TRADED Qty.
6. Stock traded ABOVE MA 21/50/100/200/250/300.
FUNDAMENTAL ANALYSIS.
SECTOR: IT - Software
1. MARKET CAP - ₹ 29,364.90 Cr.
2. P/E - 71.17
3. P/B - 20.04
4. ROE - 30.15%
5. ROCE - 42.50%
6. EPS - 66.26%
DISCLAIMER - All analysis are for educational purpose. it is not a trading or investment advise.
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ANALYSISKeep in mind the IT stocks have already rallied so much, but according to the charts it looks very good.
Lets see how the market will react.
4300 is my entry
Tata ElxsiTata Elxsi
- Pennant pattern formation with 30 DEMA support.
- Volume and Price contracting within the pennant triangle.
- On the verge of breakout, prefer with good volumes.
- Can go long on breakout of pennant triangle.
- On weekly chart, stock in Stage 2 uptrend, this pullback may be an entry opportunity in uptrend for traders.
Only for educational purposes. Not a recommendation.
Opportunity in TATAELXSIFrom February 2021, TATAELXI is properly obeying the drawn Support and Resistance.
Again this time it obeyed the support and moving upwards to the resistance level.
SellSell with sl abv 4310 for target of marked levels on downside
Disc : it's not an investment advice to buy or sell
Inverted Head n Shoulder There has been inverted head n shoulder pattern formation on the chart and likely it will coming towards the 3900 levels. As 4190 was crucial support in this short term high rally as this stock has risen in one single direction without any hiccups.
Tgt 4700 buy when it touches the trend line with 100 rs stoplossWait for it to retrace it to trendline and support
TATAELXSI Three in one!After a strong bullish rally TATAELXSI is not looking for the reversal instead it is inviting more and more and more buyers.
It is flooded with several bullish chart pattern.
On daily TF a bullish flag and then an ascending scallops followed by the bullish pennant is signaling the trend conituation.
Do your due diligence before taking any decision.
Keep tracking!
Keep supporting! Keep learning! Keep earning!
STOCK FOR TOMORROW TATA ELXI LTD.GOOD EVENING FRIENDS KINDLY WATCH VIDEO FOR DETAILS LEVEL TO WATCH IS 4460 TILL ABOVE BULLISH
WE ARE ONLY EXPRESSING OUR OPINION NO RECOMMENDATION PLEASE.
REGARDS.
Stock Analysis of Tata ElxsiPrice - ₹4295.40 Date - 09.07.2021
On a daily chart, the stock took support at 4176.05 and ended the day with a gain of more than 2%. Stock is ready to move up and I am expecting better quarterly results on Thursday which can fuel the price to 4652 levels.
Smiling Tata ElxsiThe stock has been consolidating at various levels and forming important support and smiles and passes away for the new growth. The stock has outperformed its peers and the Nifty benchmark index. It's been clearly seen on the chart too. Meanwhile, the stock is blue sky zone.
Tata Elxsi More movement Expected !!!The stock is giving a breakout after consolidation and the Target in short term is 4835.
The RSI is Still below 75 so more up move can be seen.
TATA ELXSI : Upmove expectedThe MACD is indicating an upward movement along with gradual increase in RSI.....Upward movement can be seen in 1-2 days.
#TATAELXSIHow a TinyIC range 3584.95 acted a a perfect support for touch and go, perfect entry!
Also was MIZone Support
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.
