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
Trade ideas
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.
TATA Elxsi - Long TermTata Elxsi - Elliot Wave Theory based long term trend analysis. Buy between 6450 and 6750 Target: 9000+ Holding period 1 Year.
Tata Elxsi for swing tradeTata Elxsi formed Morning star candlestick pattern at its support. Good to buy above 6811 for the target of 7004. SL below 6619.
Gain 193 point.
TATA ELXSI is looking weakNSE:TATAELXSI is looking weak. It has re-traced 36% from it's all time high.
Tata ElxiTata Elxi on daily timeframe taking support on strong trendline
if it respects trendline targets will be 8600 and 9000
If trendline breaks we can see targets upto 8000 and 7600
TATAELXSI LONGTATAELXSI seems to be move up after retracement and LONG can be seen with very small risk with great RR
BTST : TATA ELXSI
Good Day ,
Hello Traders,
BUY TATAELXSI
CMP 8576
SL 8456
TGT 8816
Estimated Profit 2.8%
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
Tata Elxsi: a probable long tradeTata Elxsi #tataelxsi the first 2 times scrip broke 0.382 #fibonacci level and tested the trend line, a good RR was seen.
Hoping for a repeat on the third instance.
SL~ 7870
Targets in orange
#nifty #swingtrade #investing #stockmarketindia
P.S.~ Safe entry above 8830
Testing Phase of the Support ChannelTata Elxsi Chart Analysis:
Times are different this time. It would be interesting to see if its trend of the taking support to bounce and make a new high - continue to deliver the same or will it tank for a healthy correction in this move.
Discalimer: View for Educational purpose only, not any trade or investment recommendation.
short term traders focus : TATAELXSINSE:TATAELXSI
let see the price action = ascending channel pattern formed correct time to entry ( when to entry ? let wait and see how the price is reacting in the level any bull candle in the line , we can take as a conformation, and entry
fundamental also good..
value entry
fix your stop loss as per your R:R
tell your opinion in comment..
TATA ELXSI - Swing tradeTATA ELXSI - Swing trade
Reversing from important levels with good volumes
Long at 8970
SL 8650 DCB
TGT 9680/9980
