Tata Elxsi Medium Term positional call Tata Elxsi Limited Medium Term Techno-Funda call
NSE: TATAELXSI
CMP: 977, Closing based SL 879, Targets 1050 1080 1125
Technicals:
* Swing High Breakout
* Cup and Handle Breakout
* Volume breakout
* Trading above important Moving averages
* Resistance breakout
GOOD FUNDAMENTALS TOO
Disclaimer: All the levels are for education purpose only.
52weekhighs
Cat long or short Cat is another i have been watching trading around its 52 week high view was bullish with targets above $100 but we have seen some negative volumes with on going investigations into accounting issues which has seen us pullback below its 50, 100 and 200 dma's also cat has announced its closure of its Aurora plant in Illinois which could cost 800 jobs so will see how the market responds to that.
With some negatives and positives i have two points of interest
long above its dma's from 96 target around 106
short below support 89 target around 80
Long - mt - 52 week pop watching mt which has been trading around its 52 week high. We had a breakout of the high recently which since pulled back and consolidated some. I like the volumes here showing some volatility with higher than usual volumes particularly on the swing low.
I think this one could pop with sector also outperforming if we come back up will look to place a buy stop just above $8.50 probably target around $10
LONG - SWC - LOOKING TO BRAKE 52 WEEK HIGHPICKED UP A SIGNAL FROM MY TRADE TRIANGLES - LOOKING POSITIVE ON D/W/M
LOOK TO HAVE GROUNDED SUPPORT WITH A NICE DOUBLE BOTTOM TRENDING ABOVE 100DMA WITH RSI CROSSING ABOVE 50 GIVING US A GOOD BULLISH SIGNAL AND LAGUERRE IN POSITION LOOKS SET TO REACH NEW 52 WEEK HIGH.
PLACED AN ORDER JUST ABOVE TODAYS DAILY CLOSE AROUND PIVOT