Trade Setup plan: (A)
This stock mostly stays in a trading range. Presently, its trading lower range of it, so the trader can get a good opportunity to buy it at price gravitate support 952 and stop loss only 10-5 points away.
Trade Setup plan: (B)
buy this stock 927-933 and stop loss 914 will a great deal for traders.
For both setups, the first target is safe at 987.
Hi Guys, TATAELXSI is making a Right Shoulder formation try to exploit the opportunity !!!!
***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade
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Tata Elxsi:
On weekly chart long position is seen with current price low in curve.
Current levels also see side by situation, it has good support at around 950.
In between this long position a intermediate zone (marked in red) is seen and will act as resistance.
Now if we switch to daily chart, demand zone remains almost the same and supply zone slightly above...
Tata Elxsi might make a move below 955 in the coming week. It gave up all its gains after touching 1000 and hence a move on the down side could be expected.
Tata Elxsi, levels marked in chart, current prices are low in curve just above the buy zone level, looking at today's live price action, it is facing some resistance at this level, another resistance can be seen near to 1040 level. Good to notice POSITIVE DIVERGENCE IN RSI, both on weekly as well daily chart, the one here is daily chart. RSI strength is also...
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TATAELXSI
