TATAELXSI trade ideas
Blue Sky Zone Breakout in Tata ElaxiTata Elaxi enter into a Blue Sky Zone with Mega Breakout. Chart shows a beautiful rounding bottom pattern breaks its high price of year 2018 at Rs 1460. The company gives very good results in this quarter: revenue up by 11.5 %, EBITA up by 67.4 % and profit up by 58.4 %. This is the Techno-Funda pic where technical chart breakout will be supported by good financial results. My First Target for the trade is 1700 and second target is 2100 with a stop loss of 1200 with good risk to reward ratio. The stock already given a multiyear breakout near 1100 and stock is in good momentum. Investing horizon for 3 months to one year because breakout on weekly chart.
MASSIVE BREAKOUT on TATA ELXITata Elxi has posted superb numbers.
Trading at a 52 week high.
Look at that weekly chart.
It's going to be in an open movement upwards. Brilliant setup. Buy at current levels with at least an upside of 5-6 %.
Tata Elxsi : Swing TradeGood bullish pattern
Taking support around EMA 20 & 50
1392 would be the SL.
Reward with 1:1 , 1:2 , 1:3 ratios plotted on the chart.
TATA ELXIS GAVE EASY 28 POINTS TO BOOK , RED POINTS ARE ENTRY ANTRADE BASED ON
PRICE ACTION
TREND ANALYSES
FIBO LEVELS
RSI MOMENTYM
buy for SHORT TERM buy for now price cross latest high and 52 week high
target is all time high
sl is latest high low in wcb .( weekly closing basis )
Classic Bookish Inverted Head & Shoulder Pattern!!🤫😉Analysed levels mentioned on chart!!!
Regards @MrAkshatP
NICE BREAKOUT AND SUSTAININGA nice breakout occurred here in #tataelexsi with strong RSI. stop loss could be 1230. To be bot above 1320. above means above 1320 . my view only may be 100% wrong
TATAELXSI - LONGReasons for long position and setup:
1) About to breakout from Bullish rectangle pattern.
2) 20, 50 EMAs indicating an uptrend
3) Took good support at 1284-1285.
Setup:
Entry : After breakout from rectangle and resistance. Ideal entry above 1,305.
Stop Loss : Can keep below the support zone (now a resistance) near 1,290-1,295
Target : First target is near 1,335 where is a resistance.
RR Ratio : 2 (Entry: 1,305, SL: 1,290, Target: 1,335)
Tata Elexsi is on a non-stop uptrendLooks like it's planning to enter 1300's making higher highs everyday. Go long above 1275 after trendline BO
TATAELXSI (Breakout) Continuously Consolidating in a RangeTata Elxsi ( NSE:TATAELXSI ) is continuously Consolidating in Range Zone (Trandline Zone). This can become a very good trade for intraday traders.
Chart Published By Ravinder Sharma
Long @ 1180Nice breakout of weekly key level.
Previous weekly candle closed with nice rejection to downside.
Entered on ltf.
Fundamentally stable.
Won't add more.
#fridaylash
TATAELXSI stcok on bullish mode.TATAELXSI stock is on bullish mode & making higher highs and in uptrend. stock is also taking the minor pull backs & trading above the 20 EMA levels . Long entry can be taken above the level of 1075. conservative traders can take entry after the BO level of 1085 for the next level above the 1100 with the SL of 1058. In this uptrend please trail the SL of 1055. so you can maximum gain the uptrend moment as stock will going to form the another life time high.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
