TATAELXSI trade ideas
To go parallel with Nifty and Nifty bankI'm a new bee just analysing daily on Nifty and Nifty bank , and according to what I see they go hand in hand will post something more after getting into detail
TATAELXSI breakout watchlistafter making a high of 1700-1710 levels, stock has consolidated and started making higher highs and taking support at 21EMA and also forming a triangle pattern
Reversal Zones of DemarkThis is an extension of the “DeMark Range expansion” by CristianD. I have added Weekly and Monthly Ranges .
The support and resistance zones are filled for better viewing .
It bookends the daily, weekly and monthly range between highs and lows. Sell at retests of highs, buy at retests of lows. If a range is broken one way or the other you can probably expect expansion in that direction.
Lime and Maroon represent – Monthly Ranges
Pink – Weekly ranges
Orange – Daily ranges .
TATA ELAXI forming triangle pattern- Can do Meanreversal/swingNSE:TATAELXSI Can do Mean reversal trades on lower trend line with strict SL.. Also good for pyramiding for mid/long term..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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tata elexsi intradaytata elexis intraday trade for 10/12/2020 if breaks trend line and sustain go long or short.
Tata Elxsi- Double Top PossibilityTata Elxsi:
Can it be a Double Top !
Below 1642 , can show 1610, 1580
SL 1656
Tata Elexsi all set to make another ATHThe stock is making a cup and handle pattern and all set to break ATH and move up. Looks good above 1715
TATA ELAXI waiting for breakoutNSE:TATAELXSI Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..
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Note: Reposting since my earlier post is hidden due to contact info added in wrong area.
TATA ELXSI ANALYSIS 06.11.2020IN DAY CHART IT HAS FORMING THE TREND LINE .
BUY 1565 TO 1430
TARGT 1660 TO 1790
TRY TO ACCUMULATE EVRY LOW IN TREN LINE.THIS LEVELS FOR DAYA CHARET ANALYSIS.
NOTE: AFTER THE SIDE WAY IN THE MONTLY TIME FRAME IT HAS CLOSE ABOVE THE 1479 .IT SHOW IN POSITIVE BUT ANY WAY WE WANT CONFORMATION. WAIT UP TO THIS NOVEMBER MONTH AND SEE WHERE IT IS CLOSING IN MONTHLY TIME FRAME , ONCE AGAIN IT HAS CLOSE ABOVE 1479 MEANS IT HAS BETTER CONFORMTION.FOR MONTHLY TIME FRAME TARGET GIVEN BELOW.
TARGRT : 2370 TO 2470
TATAELXSI Analysis 13 Nov 2020After BO from ATH now respecting 50% Retracement
On Longer Term Horizon seems like
CnH formation Daily.
