TATAELXSI trade ideas
TATA ELXI LOOKING GOOD TATA ELXI and its business structure is great it is also come under IT industry and also making semi conductor chips, you can expect target of 9250
TATAELXSI | Investment Pick📊 Details
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centers and offices worldwide.
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TATA ELEXI on the move?Seems like it's going up again.
The regular correction is finished...
The previous running flats move is also not seen...
Trade with a good risk management (if traded)
IT'S ONLY an idea 💡 decision is yours.
TATAELXSI - Long Setup, Move is ON..NSE:TATAELXSI
✅ #TATAELXSI trading above Resistance of 8700
✅ Next Resistance is at 9422
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Tata Elxi- Cup and handle and bullish pennant breakoutTata elxsi- After a wonderful c&h breakout, formed a bullish pennant in weekly and blasted today. Most probably it will close at the resistance of 8815 today. Good to buy during retracement if it happens for the target of 9400 and 10000
Resistance to support and rising moving averages.After consolidating for more than 1 year Tata Elxsi
now seems ready for next upmove.
Good technical signals are
1. Resistance of 7150 region is acting as support
2. 20 and 50 moving averages are rising and giving support
T1, T2 and SL are no chart.
Trend Reversal Tata Elxsi Hi friend as you can see on this daily chart of Tata Elxsi that after making all time highs of 10700 levels it came down 5900 levels and now showing some signs of reversals like price is trading above a resistance (LH) and now breached a consolidation of 12 daily candles and gives a close above on that so now from here it is looking good for the targets of 8000 and 8300 levels for this 6800 levels is looking a good support zones on daily closing basis.
MOVING AVERAGES-: (EMA)
Daily Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Weekly Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Monthly Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
RSI-:
Daily Chart- 70.53 (Bullish)
Weekly Chart- 60.67 (Bullish not Overheated)
Monthly Chart- 58.30 (Neutral with Bullish Divergence)
Volume Supported Breakout
Key Strengths-:
Higher Highs and Higher Lows.
Price trading above on all moving averages on Daily, weekly and monthly time frames.
Daily and weekly RSI are Bullish.
(Breakout Retest Zone-: 7200-7100)
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit (AR)
TATA ELXSI[W] Consolidation phase overTATA ELXSI Looks like consolidation phase over, ready for new High
Big run ahead TATAELXSIA great chart pattern, big run ahead. Closely monitor the trend line, it will blast once weekly closing above the line.
TATAELXSI Stock Analysis - Flag and Pole FormationTATA Elxsi forms the flag and pole pattern, the market is at a crossroads, presenting traders and investors with both opportunities and risks. A careful analysis of the breakout or breakdown, along with volume confirmation, will be crucial in making informed decisions. Remember, while technical patterns provide valuable insights, it's essential to consider other factors such as fundamental analysis and market conditions. Stay vigilant, and let the market unveil its next move.
Tata Elxsi has told bye bye to accumulation zone | It will fly!!Hello Traders & Investors,
First of all Thankyou all of you guy's, now we are a family of 4k+ Traders & Investors. Thankyou for supporting and motivating me in the form of liking and following me.
Now i have brought another stock name of Tata elxsi. It also has given breakout and after breakout it has retested the levels and now it is ready to fly in blue sky..
Now a day's all Tata Group stocks in limelight due to New IPO coming from TATA Group after 17 years, that is why some of the Tata group stocks are making new highs and giving breakouts. In Tata Elxsi we have seen there was a consolidation period for almost a year, and now it has given breakout, so there is higher chances, we can see this stock towards another previous swing highs, and this can convert in higher highs and higher lows formation. Technically and Fundamentally this is one of the gem stock, this has really futuristic business model with good and reputed management.
Price is above 200-EMA, MACD also has given bullish crossover, i did not plot 21 and 50 EMA, but 21 EMA has given crossover of 50-EMA, these all are indicating a bullish momentum towards previous highs and definitely sooner or later, we will see this towards new highs.
About company:-
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centers and offices worldwide.
Market Cap
₹ 51,731 Cr.
Current Price
₹ 8,307
High / Low
₹ 8,576 / 5,708
Stock P/E
65.9
Book Value
₹ 337
Dividend Yield
0.73 %
ROCE
47.7 %
ROE
41.1 %
Face Value
₹ 10.0
Debt
₹ 237 Cr.
EPS
₹ 126
PEG Ratio
2.56
Promoter holding
43.9 %
Intrinsic Value
₹ 2,315
Pledged percentage
0.00 %
EVEBITDA
45.8
Change in Prom Hold
0.00 %
Profit Var 5Yrs
25.7 %
Sales growth 5Years
17.8 %
Return over 5years
53.2 %
PROS:-
Company has delivered good profit growth of 25.7% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 36.8%
Company has been maintaining a healthy dividend payout of 59.8%
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Tata Elxi - Cup & Handle Breakout Cup Height : 2000
Breakout zone : 8200
Support Zone : 7200
Target : 10100
TATA - ELXI ( W Pattern confirmation )buy TATA -ELXI a double bottom confirmation on the weekly chart ! sl and target is mentioned on the chart!
HAPPY TRADING:)
TataElxsiFinally after making top earlier, it has completed triangle formation and now weekly bullish Breakout from the Triangle.
hope it may give good reward
TATAELXSI Company is almost debt free.
Company has delivered good profit growth of 25.7% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 36.8%
Company has been maintaining a healthy dividend payout of 59.8%
Just for educational purposes Elxi making descending chart waiting for breakout with retest for good move
Tata Elxsi - at what levels to add? what could be its targets?Tata Elxsi has been in a Consolidation phase for the last 3 months as seen below in a range between 7450 - 6992
The Green line indicates its support levels on a downside and possibilities to bounce at any of these levels
A Good opportunity to Add on dips at the Green Levels.
Targets
Tata Elxsi would need to break 7445-7450 levels to see levels of 8500-9000 as target.
Keep in mind the long the Consolidation the bigger breakout we will get to see so be positive and keep adding at dips :)
TATAELXSITATAELXSI
Buy above 7405
SL below 6989
Targets: 7498/7668/8030/8394/8620 +
Bollinger Band BO
RSI Trendline BO
For education only
Heading into the resistance areaElexsi is looking for a much awaited breakout!
Today's candle has given some good feeling about the stock. It has broken the downtrend & might also break the resistance by tomorrow (hope for good volumes)
