tata elxsi head & shoulder patterntata elxsi head & shoulder pattern, upside potential with a target of 7% short term
TATAELXSI trade ideas
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 idea
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 Kumar
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
buybuy at cmp 6370 stop loss 6088 target 3 times of risk.
Disc : It's not an investment advise to buy or sell
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 risk
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 :)
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
#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.
Tata Elxsi LtdTata Elxsi Ltd, Trading at attractive place..........
below 200 DMA , Long run share.....
nearly 40% down from all time high.........
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
AccumulateLooks like a trend reversal
target ~~8344
Good fundamental good stock. This can be kept for the long term too. Good Risk to Reward ratio
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.
TATA ELXSI part 4 ......next targets The stock has given a breakout from consolidation. Its expected to move much further upside. See chart for details.
Tata Elxsi now NSE:TATAELXSI is a strong fundamental stock it is falling because the PE of the company has to come down as a technical analyst would like to enter tata elxsi if it stops at a certain support level and starts to consolidate and then give a breakout above the consolidation zone would like to put this stock under radar
TATAELXSI seems to be running towards 6k levelsNSE:TATAELXSI is a fundamentally good stock and has given tremendous returns in the last 2 years. The way it's been falling and no green candle in a streak of almost 20 days it can show 6k levels. From 6k levels it can show reversal because at this level it would be around 45% down from it's ATH.
Tata Elxsi broken important support After a big bull run it's time to cool off for some time, this stock on the weekly time frame broken and closed below the important support. Thus further it can slide till the previous swing low i.e. 6480. If any one holds long can exit near the bounce range 7600 - 7750.
Disclaimer : I am not SEBI registered, consult your FA before investing. Happy Trading!!
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.
Trend reversal signal?Possible Trend Reversal on Tata ELXSI chart. The stock is at a key long-term support level. With positive movement in terms of net profits and strong fundamentals the company looks set to rally on the bullish side over the next few weeks
TATAELXSI - Wait to BUY it. Not the right timeTATAELXSI is still weak and is below WMA(100) on Weekly chart. It clearly shows that it is still weak for a bullish move. If you are looking to hold it for long term, then its best to wait for it to either make a bottom or to break the WMA(100) upwards.
TATA ELXSI GOOD FOR LONG (1:15) RRi am back with a great analysis on tata elxsi.
tata elxsi bluechip stock looking good for long with very great rr 1:15
entry- 6845
stopped- 6800
target- 7550
lets see what going to happen
TATAELXSI 20% MOVETATAELXSI 20% MOVE
possible as retracement towards up direction will start shown 90 day target can be considered
#TATAELEXI DAILYBouncing from strong support zone marked by black parallel lines. Also fibbo's 32.8% support zone & today's candle looking quite bulish.
