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TATA ELXSI LTDTATA ELXSI LTDTATA ELXSI LTD

TATA ELXSI LTD

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TATAELXSI trade ideas

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. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME and hit the small plane icon. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... 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.
NSE:TATAELXSILong
by raigvivek
2
Early Buying signal - Tata ElxsiBased on the technical analysis, Tata Elxi's stock seems to be showing signs of a potential bullish trend reversal. The Triangle pattern that formed at the bottom of the correction, followed by a breakout with good volumes on the daily timeframe on 27 April 2023, could indicate a potential upward trend. In addition, the breakout from the Head and Shoulders pattern, which is a trend reversal pattern, further supports the potential bullish reversal of the stock's trend. As Tata Elxi's stock approaches the supply zone, there are three possible scenarios that could occur. Firstly, the stock could potentially breakout and retest the supply zone, which was previously a strong support for the price. This scenario could indicate a strong bullish momentum in the stock, with the price likely to continue its upward trend. Secondly, the stock could experience a breakout failure, which would result in the stock's price falling back below the supply zone. In this scenario, traders and investors may want to consider selling the stock or taking a short position to capitalize on the potential downward trend. Thirdly, there could be a buildup before or after the breakout. This scenario could indicate a period of consolidation before the stock's price makes a significant move in either direction. Traders and investors may want to wait for further confirmation before taking a position in this scenario. It is important to note that technical analysis is not a guarantee of future performance and there are other factors that can impact a stock's price movement. However, the Triangle and Head and Shoulders patterns are widely recognized by traders and investors as potential indicators of a trend reversal. Traders and investors who are interested in taking advantage of this potential bullish trend reversal in Tata Elxi's stock may want to consider buying the stock at its current price, with a stop loss at the recent low. Additionally, it may be helpful to keep an eye on any significant news or events that could impact the stock's performance. In conclusion, the technical analysis of Tata Elxi's stock suggests a potential bullish trend reversal. The Triangle pattern and breakout from the Head and Shoulders pattern provide potential buy signals for traders and investors who are interested in taking advantage of this trend reversal.
NSE:TATAELXSILong
by Vinayak_Kulthe
5
Technical Analysis: Tata Elxsi Breakout📈 INTRODUCTION 🚀 In this technical analysis, we'll explore the breakout in Tata Elxsi's price. Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst. Let's dive into the details! 📊 KEY DETAILS 🚀 🔹 Tata Elxsi's price has been facing resistance since October 2022. 🔹 The resistance supply zone was around 7445 to 7157. 🔹 On the other hand, the price found support at the monthly demand zone. 🔹 The breakout occurred with good volume, indicating strong momentum. 🔹 Before the breakout, the price halted near the resistance, which is a positive sign. 📈 TRADE SETUP 🚀 Based on the analysis, here's a potential trade setup: 🔹 Entry: Current Market Price (CMP) of 7508 🔹 Stop Loss: Below Friday's low, around 7198 with buffer 🔹 Target: Around 8307, just below the daily and weekly supply zone 🔹 Risk-to-Reward: 1:2.5, which is a favourable ratio 📚 EDUCATIONAL INSIGHTS 🚀 Before we conclude, let's define some technical terms for new traders: 🔹 Resistance : A price level where selling pressure exceeds buying pressure, causing the price to pause or reverse. 🔹 Support : A price level where buying pressure exceeds selling pressure, causing the price to pause or reverse. 🔹 Breakout : When the price moves above a significant resistance level or below a significant support level, often accompanied by increased volume. 🔹 Supply Zone : An area where sellers are likely to be present in large numbers, causing the price to struggle to rise further. 🔹 Demand Zone : An area where buyers are likely to be present in large numbers, causing the price to find support and potentially reverse. Remember, it's essential to continue learning and understanding these concepts to become a skilled trader. 🙌 CONCLUSION 🚀 In conclusion, Tata Elxsi has experienced a breakout from its long-standing resistance. Based on the analysis, a potential trade setup has been identified. As always, do your own research and exercise caution while trading. If you found this analysis helpful, please like and follow me on TradingView for more articles and trade setups. Your support, likes, follows, and comments keep me motivated to write consistently. Thank you!
NSE:TATAELXSILong
by AfnanTAjuddin
double bottom(W) breakout at TATAELXSIOn the #TATAELXSI daily chart, after a 45.42% correction from the lifetime high, a double bottom(W) breakout occurred, which means a reversal. The reversal is also confirmed by the Nifty/TATAELXSI ratio chart. I compared #TATAELXSI vs. the #Nifty and its peers from October 14, 2021, and discovered that it has outperformed both the Nifty and its peers in the sector. BSE: 500408 NSE : TATAELXSI ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
NSE:TATAELXSILong
by Usemerr