Consolidating Flag Pattern with positive RSS Volume is spite cool down is higher than average if sustain above 6000 good spike anticipated with +ve RSS ....
Trade ideas
TATA ELXSI AnalysisWaiting for a good breakout with RSI bounceback, Breakout can be expected within next 2-3 weeks. who ever bought at ATH need to wait a little more as the Market is Bearish!
Its waiting for high volume trade, need a good trigger maybe earnings result (26th OCT 2021) or any favorable news.
Tata elxsiWelll as we can see from the daily chart if it break the resistance and I think it will ,as from the macd histogram and rsi it's quite indicative it will
STOCK ANALYSIS FOR THREE DAYS TATA ELXIGood evening friends we are talking about Tata Elxi Ltd. see the video for details. level to watch is 5550
Regards.
Tata ElxsiIf stock can sustain above 6000 it may rally towards 7100. Consolidating in a flag pattern. Strong pedigree.
TATAELXSI Bullish Trend AnalysisTATAELXSI
1. upside price movement
2. up chennel pattern movement expect target level
Long on TATA ELXSILong on Tata Elxsi
Scrip has shown positive signs of a breakout before going to the consolidation zone. Results upcoming shortly could trend the stock in an upward direction of 7-8% to observe and learn.
Be wary of downside too, if the channel is broken or 4800 on closing basis would not be a good sign. Please perform your own analysis.
Pl note: Not a recommendation. Consult your financial advisor or be responsible for your actions.
TATA ELXSI [head and shoulders pattern]Selling if the price breaches the neckline of the pattern and sustains.
But in a bullish market if the pattern fails, buying only if price sustains above the high of the right shoulder.
TATAELXISgiven a good break out after a consolidation and there is nice price
volume expansion.if the stock takes support at 4484 it will be my entry
and stoploss is 4094
TATA ELXSI AGAIN Nicolas Darvas Box FormationYou Can See The Nicolas Darvas Box Multiple Time Formation in this Chart,
What is Your View.
TATA ELXSI LTD.NSE:TATAELXSI
TATA ELXSI LTD.
DATE - AUG 17, 2021.
TECHNICAL ANALYSIS.
1. Stock gives the BREAKOUT OF CONSOLIDATION ZONE.
2. Stocks traded on ALL TIME HIGH.
3. ALLIGATOR is positive.
4. SUPERTREND is positive.
5. High DELIVERED & TRADED Qty.
6. Stock traded ABOVE MA 21/50/100/200/250/300.
FUNDAMENTAL ANALYSIS.
SECTOR: IT - Software
1. MARKET CAP - ₹ 29,364.90 Cr.
2. P/E - 71.17
3. P/B - 20.04
4. ROE - 30.15%
5. ROCE - 42.50%
6. EPS - 66.26%
DISCLAIMER - All analysis are for educational purpose. it is not a trading or investment advise.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #alligator #education #investing #investments #financialmarkets #it #tata #learning
ANALYSISKeep in mind the IT stocks have already rallied so much, but according to the charts it looks very good.
Lets see how the market will react.
4300 is my entry
Tata ElxsiTata Elxsi
- Pennant pattern formation with 30 DEMA support.
- Volume and Price contracting within the pennant triangle.
- On the verge of breakout, prefer with good volumes.
- Can go long on breakout of pennant triangle.
- On weekly chart, stock in Stage 2 uptrend, this pullback may be an entry opportunity in uptrend for traders.
Only for educational purposes. Not a recommendation.
Opportunity in TATAELXSIFrom February 2021, TATAELXI is properly obeying the drawn Support and Resistance.
Again this time it obeyed the support and moving upwards to the resistance level.
SellSell with sl abv 4310 for target of marked levels on downside
Disc : it's not an investment advice to buy or sell
