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.
TATAELXSI trade ideas
TATA ELXI, WAITING FOR RETESTTATA ELXI
Good Chart pattern is formed, has been taking support at TL.
Fresh breakout is given on 2Hr TF, but waiting for retest of BO.
Will make position if retest is done or if it sustains above 3903 for more than 2HR.
RSI Is showing negative divergence, hence there is a chance that it will retest the BO.
***I AM NOT RESPONSIBLE FOR YOUR PROFIT AND LOSS. DO YOUR OWN SELF ANALYSIS***
Consolidation: TATA ELXSIObserve the chart to understand how the the stock price is moving within a channel.
Look for opportunities to buy when it takes support at the lower trend line and sell when it faces resistance at higher trendline.
If any recognizable and valid candlestick patterns are formed at the levels supported by volume, increase your bet size maintaining stop loss as per your risk appetite.
#TradeTheTrend#SmallcapPick#PortfolioPick
Tata Elexi - Up Flag on Daily ChartPrice Pattern - Up Flag on Daily Chart
Breakout Candle - 29th June 2021 (Daily Candle)
Close on BO Candle - 4,002.95
Anticipated Price Target - 4,887
Suggested Stop Loss - 3,924
Risk-Reward Ratio - 1:11
NOTE: THIS IDEA IS AN ATTEMPT TO PREDICT THE FUTURE PRICE MOVEMENT. INVESTMENT BASED ON THIS IDEA, IF ANY, SHALL BE SOLELY AT THE RISK OF THE INVESTOR.
TATAELXSI is in Accumulation ZoneTATAELXSI is in Accumulation Zone
Entry range: 3481 to 3838. OR you can buy @ 3481 to 3500 or 3760 to 3820
Target: 40%
Pattern: Support Resistance, Flag Pattern
Risk : Medium ( 1 to 2 Months)
Breakout Confirmation : Weekly Closing 3850
Hold with patience 🙂
It will take some time to reach 40% target. This is not UC and LC Kind of Stock
