TATAELXSI trade ideas
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 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 :)
Tata Elxsi Well Tested Inverted H&S A breakout of an inverted Head and Shoulder pattern on the weekly chart of NSE:TATAELXSI has been retested. One can look the charts and take the tradi as per their risk apetite.
Exit the position if the stop loss is triggered on WCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Tata Elxsi - BreakoutThe self explanatory chart analysed on breakout, ema and volume.
Stop Loss below 200 ema || Target Rs 8000
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.