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.
DYOR
Trade ideas
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 .
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.
Tata Elxsi shoud you trade or notNSE: TATAELXSI
If Breaks Then The Targets could be Taken at 7763
Time Frame :- 1 Hour
Patterns Name :- Descending Triangle
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Based on Your Own Risk this is only to Show you the Current Pattern
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Made By MAYANKTECHRESEARCHING
Date of Publication 4 may 2022
Tata Elxsi to the NecklineIf Breaks Then The Targets could be Taken at 4499 .
Time Frame :- 1 Day
Symbol Name :- Tata Elxsi
Comment Below If You want to ask me questions on this on any other idea .
Based on Your Own Risk this is only to Show you the Current Pattern .
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Tata Elxsi a Double Top If Breaks Then The Targets could be Taken at 7260 .
Time Frame :- 1 Day
Symbol Name :- Tata Elxsi
Comment Below If You want to ask me questions on this on any other idea .
Based on Your Own Risk this is only to Show you the Current Pattern .
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Tata Elxsi: Positive price action and Darvas box formationAt the current level I see a tight price action range.
Watch out when the price makes a significant move above 7800 (R1) and 7962 (R2), supported by volume action.
Price trading above 21, 50 and 100 EMA.
6754 and 5700 acts as strong support zone.
And always keep a stop loss of 5-8% if the trade goes wrong.
Note: Not a recommendation, but a personal analysis.
Tata Elxsi is this a sell opportunity If Breaks Then The Targets can be Taken at 7497.
Time Frame :- 1 Hour
Patterns Name :- Parallel Channel
Symbol Name :- Tata Elxsi
Based on Your Own Risk this is only to Show you the Current Pattern .
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Tata Elexy- For long positionTata elexy is available at a attractive price. Volumes are higher. Buy for long position with the stop loss of 20 w ema
Tata Elxsi This is the BeginningIf Breaks Then The Targets could be Taken at 7525 and 7132 .
Time Frame :- 1 Hour
Patterns Name :- Head and Shoulders
Symbol Name :- Tata Elxsi
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15 minutes breakout entry tataelxiWaiting for a breakout moment in tataelxi 15miutes breakout candle
TATA ELXSI: POSITIVE TRENDNSE:TATAELXSI shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 8345.00
Target 1: 8200.80
Stop Loss: 8052.0
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Tata ElxsiTrendline break out with volume gives bullish strength.
Buy above 7895 with the stop loss of 7860. Targets are 7930,7970,8004 and 8040.
TATA ELXSI: Have drawn trendlines on the chart for your refeTATA ELXSI: Late update as I was busy with work. Have draw trendline on the chart for your reference Resistances are in Red and Support in Green. Try trading within these zones. Buy between 5870 to 5890. Please trade with SL. Trail stop. Remember position sizing. Always respect Risk. I don't generally have targets aI keep pyramiding the position on the way up and start selling into the strength. If I have to quote a target I see INR 10980/- as a medium to long-term target. Happy trading folks!!
Disclaimer: This idea is posted for educational purposes only. I'm not a SEBI registered advisor. Please consult your certified financial advisor before trading/ investing.
“If you can’t take a small loss, sooner or later you will take the mother of all losses.”
- Ed Seykota
** Apologies for not being active on the platform, I was busy with work. This is a late update on TATA ELXSI. I have been trading in this counter since last October (2021) and kept booking partial positions now and then. Disclaimer: I still hold some position on this counter.
Tata Elxi is a buyThe company looks to be enjoying a bull run and on such a negative cell of Dey the company has managed to give 14% intraday return. Look to buy with a target of 5 to 7% and stop loss 2%.
Tata Elxsi Mid term swing entryNSE:TATAELXSI Strong uptrend in this stock today it retested and bounced back from the previous breakout lvls which was also the golden fib zone TP1 - 9266 , TP2 - 964 , TP3 - 10967
STANDING ON CRUCIAL SUPPORTS!! TATA ELXSITata elxsi standing on crucial levels
Faster growing subjects or objects or stocks even decreasing as fast
Can take Support at Trend LineTata Elaxi can take support at the major trend line.
PS - Trade at your own risk.
Tata Elexsi LongThe scrip rallied for a long time and corrected when infy fell(collateral fall). Now seeing strength from 61.8% levels of Fibonacci retracement. If this is true, there's a good 13% positivity in very short term.
Highly Bullish for Mid termIt has made a Strong Break out with Volume from a Cup and Handle Pattern
It is also respecting the shown Trendline.
