Trade ideas
Tata Elxs trying to break a triangle pattern on Daily ChartNSE:TATAELXSI
In a triangle range from last 2 months. Either side breakout can give a good opportunity either in long or short. Keep an eye.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
TATA ELXIDISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
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I and my clients might or might not have a position, I and my clients might or might not have a opposite position
Chart on TATAELXSIChart on TATAELXSI
CMP @ 5822
Short Term Target @ 6011
Professional Target @ 6388
Long Term Target @ 6640
Average @ 5450
I am expecting TATAELXSI to move UP in coming days. If it moves above 6190 then it will achieve professional target.
Disclaimer: I am not a SEBI registered Financial Advisor. Please consult your financial advisor before investing.
Tata Elxsi DailyTata Elexi made a Higher high after the recent Tata surge and made a double top after.
It is a bit overvalued in this stage and if it breakes the the support , you might find a good shorting opportunity till it's base.
Also for traders taking delivery , a good long opportunity can be seen near the target price.
TATA ELXSI'S BEST BUYING ZONE. BULLISH SHARK PATTERNTata Elxsi has outperformed its peers over the year. Everyone's looking for the right entry to buy the stock.
Now's the chance to buy the stock if at all it reaches the PRZ/demand zone mentioned on the chart.
The stock may exhibit the XABCD bullish shark pattern, which is completed only if the price reaches the mentioned demand zone.
Buy in the demand zone and place stoploss below the demand zone on the price closing on daily timeframe.
The targets are mentioned on the chart.
Happy trading :)
This is just for educational purposes.