follow the trendlinemajor support 8000 according to trendline may bounce back from this levels one can accumulate it for long term in dips 100 ema -8500 200 ema -7500by garglaksh44228
Analysing long-term trends with Log charts1) What's the Log chart? Before I define a Log chart, consider the chart you use daily: 'The Linear Chart.' - Most platforms use a linear chart by default. This is most likely why you were unaware of log charts. 2) So, what exactly does a Linear chart mean? Look at the chart below - The y-axis is divided into 200 equal points ranging from 0 to 3000. - As a result, any linear chart's y-axis would always be equally separated by 'N' points. And this is where the issue arises... 3) But I don't see any issue. Allow me to explain... - Could you look at this #PIDILITIND chart and tell me the price when it was listed in 1999? No! - In this chart, can you draw a proper trendline? No! The reason is because of the price congestion from 2007 to 14... 4) 4 Is there anything else? - When there is a significant price change in an instrument, it is difficult to analyse it on a linear chart. - Take a look at this #BTCUSD example. What happened in 2021 (as shown in the red box)? All of this is due to the equally spaced Y-axis! 5) Now, let's talk about, 'The Log Chart.' The LOG option is located at the bottom right of your chart. Alternatively, right-click on the Y axis and choose Logarithmic. You can also convert it to a log chart by pressing the Option + L keys on your keyboard. Do you notice a difference in the same #PIDILITIND chart? (Reason in the chart) There you have it! - A clear price trend is visible. Trends can be identified since listing. 6) When should you use a log/linear scale? - As you can see, the log/linear scale makes no difference in short-term charts. - If you only trade intraday or in the short term, you can continue to use linear charts. However, if the price of a cryptocurrency fluctuates dramatically, use log... If you are a swing/long term trader, you should ALWAYS use a log chart. - You can properly analyse charts. - Draw precise trendlines - Recognize primary trendline and channel reversals Short-term charts should work well with log! Educationby Kapil-Mittal4423
#Tataelxsi cash : Looks good above 9155.10#Tataexlsi cash -Positional call 01.09.2022 Looks good above 9155.10 and dips 9050 Stoploss 8800 Target 9800-10000/12000/15000 Cmp 9020.30Longby anandnst8
#Tataelxsi cash : Looks good resistance 9445-9450/9525#Tataelxsi cash 28.Aug 2022 Looks good resistance 9445-9450/9525 Cmp 9349by anandnst112
TATAELXI testing the trendline (LONG)TATAELXSI is testing the trendline in DAY TIME FRAME....we can go LONG.. keep stoploss at ₹6410 and target is upto u (my suggestion is keep atleast 1:1)..Longby Trade_UnknownUpdated 8
Tataelxsi is looking BullishTataelxsi has given the breakout of a Triangle, follow chart for more details like SL and Target.Longby Som_PrakashUpdated 3
TataElxsiTataElxsi is in parallel channel since Sept 2021 Since it has broken All time high now it may try to touch upper end of the channelLongby SunilDhawan228
Tata elxi fib level targets for swing trade (learning purpose)Tata elxi fib level targets for swing trade, let the hourly candle closes above the entry point to have a successful tradeLongby JaicharanUpdated 0
TATAEXSI SWING OPPORTUNITY IN AUG 22TATAELXSI SWING TRADE Its a best buy trade Buy at 8200 Stoploss 8020 target- 8800by sudam0001Updated 3
TATAELXSINSE:TATAELXSI One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. Close should be good, and Clean. R:R ratio should be 1 :2 . Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose Longby CreativeCreature114
TATA ELXSI Entry: CMP(8400) TGT: 9400 SL:8050 RR: 1/2.8 Tata elxsi looking good . May give decent returns . Go for long. #swing_trade. Longby yashskolhatkar226
Tata elxsiHas broken the trend line.. structure is positive becomes a BOD candidateby ashishlahoti1230
TATAELXSI - Trend Line Breakout SetupTATAELXSI is looking good at current price of 8485 for target of 8700/9000 in coming days. Stop loss for the trade can be 8270 (day closing basis). Thanks Piyush Gupta Learn & EarnLongby Piyush-Gupta6630
TATAELXSITATAELXSI Good Trendline Breakout Looking for good upside This time probably 10k ?Longby dhaval341
TATA Elxi - Early signs of Tata Elxsi starting its upward journeEarly signs of Tata Elxsi starting its upward journey Momentum & Trend turning aroundLongby thinkequity0
Tata Elxsi LongChart -> Tata Elxsi Daily Symmetrical triangle breakout in Tata Elxsi can lead it to the next levels. CMP: 8386 Good to buy around: 8330 Targets: 8745, 9410 SL: 8072 Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.Longby kathanthakkar4032
Tata Elx ready for breakoutTata Elxci Looking good impulse move breakout may happen concentrate if price sustain above 8407 in dailyLongby Tamilniftyanalysis8
Short Term Pick ✌✌✌This scrip has been short term and we expected to give some returns in the coming days. So trders keep on your radar to catch the momentum. Thanks to all 🙏🙏Longby DY97725
TATAELXSI 8987TATA ELXSI symmetrical triangle pattern. Bullish mode. Target 8987. weekly closing is the bullish mode.If open and close above 8495 it will reach 8987Longby ganeshkrupa1
TATA ELXSI follow-up Hey guys as i mentioned earlier that was expecting an upside breakout in tata elxsi as it was seen making contraction triangle. It gave breakout today now my targets for the same are already mentioned in the previous publication. I would like to take entry with sl of lower trendline levels. Short term trade. Views personal. I Can go wrong. Not a trading recommendation. DYORby prerna_2895_2
Tata elxsi Today came out of small contraction triangle. Will wait for it to sustain and then take positional trade for mentioned targets. Please share your views on it. Views personal. I Can go wrong. Not a trading recommendation. DYORby prerna_2895_0
Contraction triangle seen in tata elxsiSharing ideas only for educational purposes. Do your own deligence before taking any trade . Contraction triangle is being seen in tata elxsi which if gives breakout and sustains can give targets nearly to the height of blue line. Sl will be below lower trendline . by prerna_2895_0
Tata Elxsi Traingle FormationTata Elxsi is in a beautiful triangle formation. Trade it the side it gives a breakout as triangles are essentially neutral pattern. However, looking at the chart structure, I have a positive bias in Tata Elxsi. Hence, the chart is labelled as long.Longby jatin_agarwal0