TATA ELEXIS BREAKOUTTTTTTTTTBUY above high of breakout candle with 1:2 minimum take profitLongby PSYCHOLOGY_BREAKOUT_TRADERUpdated 1
TATAELXSI TARGET 7996TATA ELEXI weekly double bottom breakout and day bullish chart. If it sustains above 7634 in a day it will reach the double-bottom final target of 7996Longby ganeshkrupa0
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! Longby AfnanTAjuddin4
bullishmy fav stock great volume long term breakout crossed 200 EMA ready to take another moveLongby mbthapa_0
TATA Elxsi on the watchlist... breaking out of box on daily charTATA Elxsi on the watchlist... breaking out of box on daily chartLongby SYAM12340
TATA ELXSI COMING OUT FROM CONSOLIDATION As you can see tata elxsi currently standing at resistance point & may cross this resistance at this time because volumes are increasing which is a good sign for a stock Longby iamsagarpatel0
Correction completion with double bottomIf someone is looking to accumulate tata elxsi it has shown good double bottom formation after correction. Since these are big targets and SL one might need to control the qtys to reduce risk of max loss. SL 6600 T1 8300 T2 10150Longby yndesai111
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.Longby Usemerr1
Inverted H&S Break out#TATAELXSI - Inverted Head & shoulder at Support - TL BO as well - Breakout with Volume - Bullish Daily RSI Negatives : - Trading below 200 EMA by ChartShalaUpdated 3
TATA ELXSI: SHORT TERM Tata elxsi gave a breakout of the falling wedge and after a good first move and profit booking is now ready for round 2..Longby ryanneville12Updated 0
tata elxsi head & shoulder patterntata elxsi head & shoulder pattern, upside potential with a target of 7% short termLongby udaykumar7112
TATAELXSI BUY (Positional Trade Idea)Name- TATAELXSI Trading Style- Positional Strategy- Trendline Breakout + Daily Closing Timeframe- Daily Chart Buy Above Breakout Candle High Stoploss Below Breakout Candle Low Target Should be 1:2 Note: All the details are provided on the chart itself Check updates regularly regarding this trade ideaLongby spganpateUpdated 1
Getting ready for an upmoveThe stock has taken support on the lower trendline and is testing it's upper trendline. Buy positional above 6390 on day closing basis for positional targets of 6500, 6600 and 6700. Learn & Earn, Dr. Tanya KumarLongby tanya1511814413
GOING SHORTHello friends I am sharing a short idea for TATA ELXSI which is looking hanging between two important support zones and gives a close below (BREAKDWON) from upper support so it is properly visible that is going to touch it's second support zones so that this is the reason we can make a short position in it with the expectation that it will going to touch the lower support area for the target of 5857 and 5737 (second support zones) with the stop loss of 6260 above a day close candle as we can see on daily chart the volumes are drying from last many sessions and by the today's volume bar getting the indication that big selling was initiated in today's session this is and ideal pattern for profit booking too which stay remained in it after a buy from recent swing lows and a can make a possible entry too from strong support zones if will get a bounce from there. Reason Of Short-: 1- Gives a close below on important support. 2- Selling Volume spike which is indicating coming weakness. NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk 𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧Shortby AMIT-RAJANUpdated 14
buybuy at cmp 6370 stop loss 6088 target 3 times of risk. Disc : It's not an investment advise to buy or sellLongby TukkaNomistUpdated 1
Potential Long in Tata Elxsi-Potential long position in TATA Elxsi. -Stock has to break the pattern (see above) and 2 arrow marked levels can act as a short term resistance. -Good quarter result too. Note: Educational purposes only. Trade at your riskLongby rocket-booster114
Strong TATAELXSIClassic chart patterns, trend analysis, and the company's strong fundamentals ensure a breakout within a few hours or days. Stop-loss could be set 1-2 % below the trend line or consolidation zone. ps: NOT A TRADE ADVICE :)by happyCheetah69690
TATAELXSINSE:TATAELXSI One hour time frame TATAELXSI Just after good results showing some movement . Too much fluctuations don't go for intraday Short term in few days 4% - 5% Long term good one to hold Longby sandy_swing1
#TataElxsi Reversal on card after 46% correction from peak#TataElxsi achieved an all time high price of 10760 in Aug 2022 and after that corrected to 5700 in Dec 2022. Almost 47% correction from the peak price. Technically the price has smartly reversed from the demand zone and today closed at 6655 almost 955 point up from the low. Very strong midcap IT company and perfect time to add to the portfolio with stooploss of 5600. One can expect again the ATH in coming months. For IT companies has already seen the worst as US and Europe are facing recession but one fact is also that IT is the backbone for cost correction of any company's woriking. Till now low volume which may be due to silent accumulation by strong hands.Longby trendline190
Tata Elxsi LtdTata Elxsi Ltd, Trading at attractive place.......... below 200 DMA , Long run share..... nearly 40% down from all time high......... Longby PADMAJAMAHESHBABU227
Tata elxsi for long term level are marl on chartsupport level is breakdown means not enter in this wait for uptrend mark the level on chart now elxsi was in downtrend Longby amair0203040
AccumulateLooks like a trend reversal target ~~8344 Good fundamental good stock. This can be kept for the long term too. Good Risk to Reward ratioLongby shrek143
Tata Elexi> The stock has given a good bounce from its support. > Bullish engulfing Candle followed with Gap-up Opening that sustained. > Also seems to break the long trend line. Please keep on radar as IT sector are not performing good.Longby amitcsf1