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%
Reason for long
a) Weekly Mr.14 set up
b) volume and price spurt
c) weekly breakout
d) trendline breakout
e)QQE support
f) super trend support
g) cup and handle breakout
I) super vwap long
SL compulsory
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...
TATA ELXSI LOOKING GOOD
since it has broken the channel pattern and overall trend in it sector seems it going to touch the above target if momentum contiues
Elexsi 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)
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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I AM EAGERLY WAITING FOR...
- confirmed stage 2 uptrend
- clear volume expansion when price moves up
- low volume pullback to 20 ema
- shakeout within the base
- price moving back up with a small gap and volumes
entry - cmp
sl - around 7500
Past one year it was trading in the box now going to break that box and you can see the points marked for trading.
Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
There's a potential movement upside to 9181 (21st june) --- 9333 (12th july)
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
There is a long-term swing trading opportunity at CMP to earn 20% gain within 6-9 months.
The 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.
Based 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...
BUY - TATA ELXSI
CMP - Rs. 7817
Target - 1: Rs. 10500
Target - 2: Rs. 12370
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Technicals - Bullish Triangle Pattern BO, supply demand zones.
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NOTE: Target - 1 will be achieved within 6 months, Target - 2 will be achieved within 9-12 months.
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This is just a view by an expert analyst, please invest at your own risk.
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