TATAELXSI trade ideas
tata elxsistock was in uptrend
now showing signs of fatigue
about entry point (preferable close below) unless u r sure
made a quick double top followed by two strong bear candles
Like the set-up for a massive move...Tata Elxsi is set for a massive move ; cmp 1562; i see 1650/1700++. RSI is positive and also breaking out from a compressed triangle.
tata elexi buy 1550 sl 1520 tgt 1625/1650on daily chart showing bullish reversal and short consolidation n breakout showing strength by adx indicator.
risk n reward ratio 1.2 / 1:3
Tata Elxi - Long position - Technical AnalysisThis stock corrected from 1900 levels. Most important in the last 2 months its in swing trade in closed range. It crossed the resistance of 1530 level and retraced back. Now 1525-1530 formed support. From here stock might go long and hit first Fibonacci levels i.e 1900 levels in the next 4 months making 23.8 percent gains.
TATA ELXSI - BULLISH RSI DIVERGENCE It is been observed on the daily chart that the price action is forming a bullish hidden RSI divergence where price action is forming higher lows where as RSI oscillator forming lower lows, indicating a trend change and bullish move ahead.
Target 1: 1550
Target 2: 1600
Stoploss: 1450
Tata Elxsi- Time before Upward breakout One down fall still pending in tataelxsi till 1445. and then upside breakout beyond 1544. SO wait for going long in it.
UpSwing to kick-off in Tata-ElxsiBSE:TATAELXSI
Recommendation--> Buy: 1490 - Sell: 1535, 1560, 1600 - StopLoss: 1470
RSI is near 50 which will cross the 60,70 and 80 levels in 3,7 and 10 trading days
Trading sideways in the range of 4.25% (1411 - 1470 - 1530) for 3 months.
On Balance Volume constantly increasing which means accumulation is happening before next breakout.
Currently at the price levels of 'GoldenCross' which was formed on Jan 27, 2017 (2 months back)
Boolinger Bands squeezing with a very high possibility of a breakout above upper band.
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tataelxsi - a breakdown is startedfor educational purpose - tataelxsi short with sl of 1500 and revise sl with parabolic sar and previous high.
Tata Elxsi short term call
Levels are marked on chart, buy above horizontal level and short below trendline.
tataelxsi - make of break levelfor educational purpose only - tataelxsi is holding it's crucial level 1460 below this a breakdown upto 1250 or above 1518 a breakout to 1775
ELXSI will have a 500 point jump in short time may be 3montheBullish, trading in an ascending triangle,
above 34 DEMA, on break out of triangle
it will go to 2065 level.
TATA ELXSI - Hold or break ?NSE:TATAELXSI has crossed the downward trendline but without much conviction.
Soon, it may see the levels failing to hold up and might trade below the range lines.
Stop loss can be maintained on the upward line.
SHORTTata elxsi is trading in a tight range and looking week.Short near 1470-1480...Next downward target would be close to 1431.Safe stop loss would be 1502. P.S.This is for study and educational purpose only.It should not be treated or understood as a recommendation to short the share.i Can not be hold responsible for any loss if you may accrue.
TATAELXSI >> Daily Candle >> Bullish Breakout from Trend Line4 reasons to expect the value of TATAELXSI going up :
1) Bullish Breakout from Down Trend Line.
2) Not retraced below 50% of Fib Levels.
3) Increasing RSI.
4) Green Volume.
TATA-Elxsi-rising above falling TLTata Elxsi-hourly chart indicates that price is trying to move above the falling Trendline
Also RSI doesnt show any weakness
can it reach the levels of 1406 with stops @1353
Trendshikari PTS V1.0 - TATA ELXSI - ShortShort @ Market price @ Market Open
Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script. This system works on Daily bars and so entries or exits are at the next market open after getting signal. Key performance metrics generated from TV Backtester are published below (2007 to 2016).
Enter with 3/10 th of your trading capital and exit when I signal so in this tip page. Please post your thoughts, concerns on the system if you have any.
Pennant pattern breakout LongTrade able Pennant pattern gave breakout with higher volume yesterday. It offers a good opportunity for short term gain. The pattern is relative short pattern so the target can be reached in next week. Risk to reward ratio is quite reasonable.
