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
One down fall still pending in tataelxsi till 1445. and then upside breakout beyond 1544. SO wait for going long in it.
BSE: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. ...
for educational purpose - tataelxsi short with sl of 1500 and revise sl with parabolic sar and previous high.
Levels are marked on chart, buy above horizontal level and short below trendline.
for educational purpose only - tataelxsi is holding it's crucial level 1460 below this a breakdown upto 1250 or above 1518 a breakout to 1775
Bullish, trading in an ascending triangle, above 34 DEMA, on break out of triangle it will go to 2065 level.
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.
Tata 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.
4 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.
Breakdown from this level will activate Short in TataElxsi.
Tata 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
Short @ 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...
Trade 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.
Tata Elxsi Long with Target @ 1390 & 1480 Levels ...Keep Stop Loss @ 1311
Tata Elxsi in down trend seeing a bounce from the weekly trendline support with a Morning star pattern reversal. Should try to test the monthly trendline and if broken can test the weekly trendline too. Entry 1305 SL 1222 Target 1 1441 Target 2 1490 Reward 1 136 Reward 2 185 Risk 83 ROR min 1.6 ROR Max 2.2
TataElxsi is giving a Buy Setup and is ready for a substantial upmove upon breakout. I would be buy stock around current levels with stoploss just below 1590 for a Target of 1800 / 2000. Details are on the chart. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook:...