TATAELXSI trade ideas
TATAELXSI longmade a swing low on daily chart . stock is in uptrend in long term so , so confirmation of uptrend is strong . buy with the confirmation of breach of ORB on Upside with a stop loss at 1381 with target of 1433 after reaching target trail your stop loss to cost . if daily candle closes above the close of last day then go positional
At 1395 the stock touched bottom today Short term up move up to 1538 can be seen. The medium term also looks good and the target is 1760. Stop loss 1130.
Analysis on Tata ElxsiAs we see on technical basis, tata elxsi made flag pattern on weekly chart we can set next target some where near to 1410
TATA_ELXSI Testing Lifetime highsTATA ELXSI has been making new highs every now and then. Restesting a new high made a few days ago in an head n shoudler pattern.
Awaiting a breakout or a reversal.
Sell on Rise Near Levels They are Making an Elevated pattern , which it self will not sustain , and it will likely drop heavy form the 1339 Near , Look for 1 Hour reversal and take a short selling trade in Futures and stay with it , it will make minimum 100 Points +
TATAELXSI | TATA to BullsAs IT Index losing steam, this can be perfect candidate for shorting at top. Entry can be taken around 1321-31 with SL above 1345 and Targets can be 1200-1250 for short term positional traders.
short term investing Tata elexi had a breakout from its major resistance level and seems to be in up trend .
Tata Elxsi – Range BreakoutAfter being locked in a range of 1140-1260 for more than a month, Tata Elxsi NSE:TATAELXSI has finally broken on the upside yesterday.
I can see that it formed a large bullish candle with good volume yesterday.
Good opportunity to buy here with stop loss a few points below 1260 for another cycle of upmove.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Tata Elxsi The stock has given a range breakout after a good consolidation of over 2 months! More strength can be seen incoming.
Tata Elxsitataelxsi cmp 1161.
Bounced from the green support line, should move upto the red resistance line
sl 1132 tgt 1216. Lets see if it goes up now.
Disclaimer: These views are not a trading recommendation. Only for educational purpose. Views and opinions are welcome
Tataelxsi need to stay abv 1100-1090!!Tataelxsi need to stay abv 1100-1090! If breaks below than we have confirmed double top formation! Volumes indicates low buying interest on the second top signifying the end of rally. On positive note the stock has still not breached it support and below it dynamic support of 50 DEMA
Tata Elxsi - Double TopTata Elxsi NSE:TATAELXSI has hardly corrected at all from its top and is close to its high on April 26.
With US dollar coming down with respect to Indian Rupee after a huge uptrend and IT sector also looking weak, looks like this stock is ripe for profit booking.
I can see a Double top formation here with negative divergence.
Good opportunity to short here with stop loss a few points above 1260 for a first target around 1100 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
negative divergence seen in weekly chart seein g weakness, it indicates caution. though price is making higher high, needs caution,
Tata Elxsi: Nice Looking Chart, A Outperfomer tooThis stock has outperformed the Nifty 50 index in the past few weeks. The chart pattern in the stock is bullish too. Am watching this one with interest. I will be a buyer if the stock breaks out and closes above Rs.1,242. I will be inclined to abandon bullish thoughts on a close below Rs.1135.
Let's see what we have in store !
#TATAELXSI Cup and Handle breakout#TATAELXSI CMP: 1232.7 Two and half year long Cup & Handle pattern on Weekly chart broke out decisively in April 2018. After four weeks of consolidation, it is ready to move higher to Pattern Target of 1576. SL: 1060
