Tata ElxsiChart looks neat to study patterns. Where you will take entry? Your stop & exit. Write down in the comments below.
TATAELXSI trade ideas
TATA ELXSI Symmetrical Triangle BreakoutTATA ELXSI Symmetrical Triangle Breakout
Target- 3350/3400
SL- 2755
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
It is also Forming Bullish Pennant on Daily Chart.
Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
greatly consolidating can expect 3000macd is above center , and we can see triangular wedge formation ,stochastic rsi shows +ve crossover i am bullish but it may break up or down but most probability is there for upside
Tata Elxi-triangular breakoutEntry taken in Tata Elxi
Waiting for T1 first.
Details shared in chart
SL-2657
Tata Elxsi - Flag Pole Breakout & Resistance Breakout ViewTATA Elxsi::
Resistance Breakout and Flag Pole Breakout
Stay Long above 3125 , Support at 3000 and and 2925
Tata Elexi - Flag and PoleThe stock has been in a clear uptrend before consolidating. It has made flag and pole pattern and broke out of the resistance zone. Can move upwards in coming days so keep a check and add on dips.
Tata ELXI Flag patternTata ELXI.
Had a long Bull run from levels of 1527.
Not horse seems to be resting and preparing for next run.
Watch out for breakout from flag.
2504 is an important support.
Fundamentally also stock is very good.
#Always do self analysis before you trade.
Tata elxsi swing longBroke the trendline and gave closing above it. With RSI acting as a good supporter gave nice upmove today. One can add partially for a target of 3052, with stop loss at closing near 2700. Happy trading.....
We need a gap up for the breach of the linesNeed to see a gap up if the resistance lines are to be breached . There are a lot of them to be conquered.
TATA ELXSI - Symmetrical Triangle | Thursday Trade(01st Apr)Range for stock has been narrowing down. Can give a good move when breaks the triangle on either side.
Keep in radar for next 1-2 days
top notch symmetrical triangle formation in IT stockwhen stock breaks triangle in upper side go for long.
dont short this stock when it breaks down side on triangle, because stock is in strong uptrend.
Inv H&S Patternweekly RSI is very bullish mode and daily price has crossed the resistance of last almost 1 month time frame of 2770.......one can buy with SL 2700 for target 2950 or so.
