Possible Sell trade for TATAELXSITATAELXSI Sell @ 843.75 fake double top formation with weak RSI and Bearish Divergence
TGT1: 808.85
TGT2: 773
SL: 880
TATAELXSI trade ideas
TATAELXI forms cup with handleTataelexi forms cup with handle structure with exact pattern rules!! the entry point should be A and the targets for this are 940. There 62% chances for this structure to meet the target.
NOTE: the bottom of cup forms Broadening right angled and ascending structure too.
TATA ELXSI BUY WITH TARGETS 928,946 SL 830(DAY CLOSE BASE)BUY TATA ELXSI CMP 863 TARGET 928 , 946 DAY CLOSE STOPLOSS 830 (DURATION 20-25 DAYS)
Good for another 5 % Long Breakout after a consolidation on relatively higher volume, good candidate for follow through,
[INTRADAY/POSITIONAL SHORT] if swing low is breachedif purple line is breached, then weakness is bound to dominate. One can go short intraday as well as positional.
Tata Elxsi - Bearish Bat 02-Oct-2019 Entry - 830-827 Tata Elxsi - Bearish Bat 02-Oct-2019
Entry - 830-827
Targets - 796.05, 765.9, 735.75
Stop loss : 856.5
Chart by : Karthikdeva
SELL TATA ELXSI. TGT:765. SL: 832Tata Elxsi is currently at resistance and is also facing tough resistance from it's 200 day moving average. The RSI has shown a negative devergence.
Also on the weekly time frame the stock is facing resistance from it's 50 day moving average.
TATAELXSI CASH : ALL SELLING BELOW 805 AND BUYING ABOVE 820TATAELXSI CASH
06 NOV 2019
ALL SELLING BELOW 805 ONLY
ALL BUYING ONLY ABOVE 820 ONLY
KEEP SL 815 FOR SELLING
KEEP SL 810 FOR BUYING
CMP 810
