Get started
TATA ELXSI LTDTATA ELXSI LTDTATA ELXSI LTD

TATA ELXSI LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options

TATAELXSI trade ideas

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 𝐑𝐚𝐣𝐚𝐧
NSE:TATAELXSIShort
by AMIT-RAJAN
#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.
NSE:TATAELXSILong
by trendlines139
TATAELXSI , Timeframe 1D, analysisAfter breakdown of trendline it's continue falling down from 8200 level to 6430 level. Now trading at 6429 with immediate support of 6400 level. After breakdown of 6400 level it may fall upto 5900 level near the 500 moving average line. It may reversed from this moving average line & may face resistance at every higher level. After breakup of every higher level you will get new higher level. 7200 & 8300 it's a strong resistance for tataelxsi In down side after breakdown of 5900 & 500 moving average you will get new 52 week low.
NSE:TATAELXSIShort
by trading360degreeee