- confirmed stage 2 uptrend
- clear volume expansion when price moves up
- low volume pullback to 20 ema
- shakeout within the base
- price moving back up with a small gap and volumes
entry - cmp
sl - around 7500
Past one year it was trading in the box now going to break that box and you can see the points marked for trading.
Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
There's a potential movement upside to 9181 (21st june) --- 9333 (12th july)
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
There is a long-term swing trading opportunity at CMP to earn 20% gain within 6-9 months.
The self explanatory chart analysed on breakout, ema and volume.
Stop Loss below 200 ema || Target Rs 8000
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Based on the technical analysis, Tata Elxi's stock seems to be showing signs of a potential bullish trend reversal. The Triangle pattern that formed at the bottom of the correction, followed by a breakout with good volumes on the daily timeframe on 27 April 2023, could indicate a potential upward trend.
In addition, the breakout from the Head and Shoulders...
BUY - TATA ELXSI
CMP - Rs. 7817
Target - 1: Rs. 10500
Target - 2: Rs. 12370
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Technicals - Bullish Triangle Pattern BO, supply demand zones.
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NOTE: Target - 1 will be achieved within 6 months, Target - 2 will be achieved within 9-12 months.
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This is just a view by an expert analyst, please invest at your own risk.
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I had shared an Idea on 11th April to buy TATA ELXSI above 6390 level and all targets got hit.
Now it has given a breakout of next resistance and looking good for further upmove.
Buy above 7290 or on dips till 7225 for positional targets 7440 and 7630. It can go beyond these levels and also hit 8000.
Do check for the weekly closing today (should be above...
TATA ELEXI weekly double bottom breakout and day bullish chart. If it sustains above 7634 in a day it will reach the double-bottom final target of 7996
📈 INTRODUCTION 🚀
In this technical analysis, we'll explore the breakout in Tata Elxsi's price. Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst. Let's dive into the details!
📊 KEY DETAILS 🚀
🔹 Tata Elxsi's price has been facing resistance since October 2022.
🔹 The resistance supply zone was around 7445 to...
As you can see tata elxsi currently standing at resistance point & may cross this resistance at this time because volumes are increasing which is a good sign for a stock
If someone is looking to accumulate tata elxsi
it has shown good double bottom formation after correction.
Since these are big targets and SL one might need to control the qtys to reduce risk of max loss.
SL 6600
T1 8300
T2 10150
On the #TATAELXSI daily chart, after a 45.42% correction from the lifetime high, a double bottom(W) breakout occurred, which means a reversal. The reversal is also confirmed by the Nifty/TATAELXSI ratio chart.
I compared #TATAELXSI vs. the #Nifty and its peers from October 14, 2021, and discovered that it has outperformed both the Nifty and its peers in the...
