TATAELXSI trade ideas
TATAELXSI Head and Shoulder !!!!
Hi Guys, TATAELXSI is making a Right Shoulder formation try to exploit the opportunity !!!!
***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade
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TATAELXSI, two Trade Setup.Trade Setup plan: (A)
This stock mostly stays in a trading range. Presently, its trading lower range of it, so the trader can get a good opportunity to buy it at price gravitate support 952 and stop loss only 10-5 points away.
Trade Setup plan: (B)
buy this stock 927-933 and stop loss 914 will a great deal for traders.
For both setups, the first target is safe at 987.
Tata Elxsi- Long on weekly chart Tata Elxsi:
On weekly chart long position is seen with current price low in curve.
Current levels also see side by situation, it has good support at around 950.
In between this long position a intermediate zone (marked in red) is seen and will act as resistance.
Now if we switch to daily chart, demand zone remains almost the same and supply zone slightly above the current price with ds current price is high in curve on daily chart.
Waiting for prices to retrace in demand zone or near by for good R/R.
WEEKLY||TATAELXSI ||MIGHT MAKE A LOW BELOW 955 IN COMING WEEK!Tata Elxsi might make a move below 955 in the coming week. It gave up all its gains after touching 1000 and hence a move on the down side could be expected.
Tata Elxsi- LongTata Elxsi, levels marked in chart, current prices are low in curve just above the buy zone level, looking at today's live price action, it is facing some resistance at this level, another resistance can be seen near to 1040 level. Good to notice POSITIVE DIVERGENCE IN RSI, both on weekly as well daily chart, the one here is daily chart. RSI strength is also building up, hoping this can give enough thrust for take-off till target.
This script has good fundamental as well.
Bearish Gartley Tata ElxsiBearish Gartley Tata Elxsi
Prz - 971 - 974
Sl - 979.50
Target 1 - 968
Target 2 - 964
TATA ELXSI Coming Down Again !TATA ELXSI tried to break the resistance but failed to go up and has made a shooting star at a strong level .
Can go short below 950 for a good targets back at support zone .
Stop loss 1000.
TATA ELXSI (SAUCER SHAPE)Someone at top disintrested with small investors entry. Profit booking is observed at the days high for the last 5 days. Saucer formation is observed.
Buy upto 939 for targets of 1016 / 1070.
Question On Tata ElxsiStock is trying to gain momentum.
Bullish till its trading and closing above 950
If holding hold, if wanna buy fresh for short term keep a small SL of 950 ON CLOSING BASIS
