TATAELXSI trade ideas
TATA ELXSI Trading SetupAll charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Tata elxsi ....... expecting explosive move.This stock has been in a tight range for about a month now. Expecting an explosive move on either side soon. This is just my view.... trade according to your own risk management.
TATAELXSI IdeaTriangle Flag Pattern. Could break out either side and can give good move.
Disclaimer - Please do your own analysis before initiating the trade.
Tata Elxi: Capturing Wave 5 RallyOn a daily the counter has managed to conquer its 200 SMA. On a 60 mins chart it seems the counter might have completed wave 4 and go for the 5th on the upside. Add on strength with SL around 755. We can expect 890-930 in a short term.
TATA ELXSI - 1D - Channel Range TATA ELXSI is Trading in Channel , expecting to breakdown the channel.
Also Forming Reverse Flag pattern , expect good moment either side after breakout/down.
channel in TATAELXINSE:TATAELXSI has channel and it is taking support near the 50 ema multiple times so can play ranged
Last move I have made small efforts in explaining the identifying the trend & most of retail Questions , almost around 172 Questions people have asked so far about entry and trend following
Good luck people
Long ( Next Move ) The scrip has entered an correction in the up trend , which i forecast as three way theme , Look for buy set up after completing the correction
and Book near the forecast of take profits using trailing stop method
Tata ElxsiPrice action is at crucial support zone. In 2 or 3 sessions, trend direction will be clear
Tata Elxsi ShortScript: Tata Elxsi
Chart Pattern: Bearish Engulf
RSI : Below 70
Both above are on daily basis.
CMP: 1035
Target 1: 985
Target 2: 935
