TATAELXSI BreakoutTATAELXSI is respecting a neckline in an up channel., and testing 200EMA giving long wicks.
Look out for a reversal or a breakdown
TATAELXSI trade ideas
TATAELXSI BreakoutTata Elsxi is retesting the sup/resistance level after the breakout.
May bounce back up or fall down
Tata Elxsi : Bullish Harami Candle at weekly support zone Bullish Harami Candle at weekly support zone indicating potential Trend reversal .
Above 1708 stock may rise till 1781 -1800
Tata Elxsi daily chart- Symmetrical Triangle breakout . Tgt 1820Tata elxsi has formed a symmetrical triangle between 1732 and 1582. Breakout occured today at 1670. Upside target = 1670 +(1732-1582) =1820. Time frame 1-2 weeks.
Long Tata Elxsi cmp 1727
Long tgt 1785, 1934
SL close below 1683
Price squeeze in a symmetrical triangle.So heading for a breakout.
Disclaimer: I am a novice at charting and the charts are purely for educational purpose. Views and opinions are welcome
TATAELXSI Symmetrical triangle break outTATAELXSI has made Symmetrical triangle as well as inverted head and shoulders pattern.
Buy for target of 1690, 1740 & 1780. SL - 1650.
tata elxsi (short term high may be in place)short term high me be in place
...levels explained in charts...
Tata ELXSI - Awaiting Symmetrical Triangle BreakoutCurrently, Tata ELXSI is in a consolidation phase. Symmetrical triangle breakout is awaited for much higher levels
Buy when the price closes above 1660 for sequential targets of 1680, 1700, 1720
TATAELXSI Breakout TATAELXSI is moving around a two month long neckline, is back in the breakout/reversal zone of the neckline.
ALso its making a triangle.
Tata ELXSI - Long Bullish Harami Candlestick Pattern Observed at the Weekly Support Level
SL @ 1615 on Weekly Closing Basis
Go long for Target of 1700 and 1780
Weekly Out Look on Tata ElexsiI am looking this stock is getting week i am expecting this stock will have some correction , brake of ascending lower trend line can lead to correction till 1455
Lets see how it unfolds
LONG TATAELXSITATAELXSI has retested it's previous breakout and it's expected to move higher from that support, One can go long for target of 1750. SL 1650.
Possible Price reversal & Continuation Zone I am looking the Price will reverse in this Zone before continuing to Up ward , if failed to hold these then you can look below beyond 5 % price value
Regards
TATAELSXI Lifetime Gartley PatternTATAELXSI, made a perfect 618 FIB retracement of life, and is heading up , possibly to complte anotehr 618 retracement and a gartley pattern.
or it cud end u
Breakout TATAELXSITATAELXSI has given breakout above it's tough resistance, one can go long on dips for target of 1750.
Delivery Swing Trade with SL @ 1605 for T1 @ 1775. Nice R:RAfter big bang entry & impulsive legup, stock is consolidating & poised to break out. First target comes to nearly 1775. Offers beautiful R:R
Tata elxsi:- Can it Hold on to its Gains?Cmp 1489; the stock after correcting recently has bounced back sharply. One can again re look for a trading opportunity. Stop 1400; Target 1550/1589/1610
Tata Elxsi : Getting Nostalgic...Another trade setup on similar lines of Nifty but with approximate risk/reward but I suggest you to check with your trade plan & I agree its heavily consolidating. So lets watch, how this one performs...
TATAELXSI - BREAKOUT OF RISING WEDGE It is been observed on the daily chart that the price action is breaking out from a rising wedge indicating a further bearishness and weakness ahead.
Target 1: 1500
Target 2: 1480
Stoploss: 1560
