TATAELXSI trade ideas
TataElxsi - Taken support at 844Support Levels: 844, 835, 828, 821
Resistance Levels: 869, 874, 882
Trendline Support Levels: NA
Trendline Resistance Levels: NA
Tata ElxsiTata Elxsi can be shorted once MACD becomes negative, RSI and MFI and Bollinger Band shows divergence, aggresive ones can go short righ away with stop loss of 835 for the target of 803 and if it breaks below 800 one can hold shorts for target of 771 since MACD transition from dark green bar to light green bar shows it has already started to turn, someone who wants to prempt the move can short immediately looking at risk to reward, however conservatives may wait till MACD shows a red bar below zero level
Tataelxsi - Stuck between Support and Trendline ResistanceSupport Levels: 670, 664, 657, 651, 638, 618
Resistance Levels: 688, 695, 700
Trendline Support Levels: NA
Trendline Resistance Levels: 675-679
Tataelxsi - At Important LevelsSupport Levels: 618, 608, 602
Resistance Levels: 638, 651, 657, 664, 670
Trendline Support Levels: NA
Trendline Resistance Levels: 633-638
Tata Elxsi Trade Setup for 24 Aug 2019Reason(s) for Trade:
Stock was moving in a channel range
RSI Positive Divergence
Channel Breakout with Average+ volume is seen
Trade Setup:
Buy if goes above 654.00
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BULLISH SHARK BULLISH SHARK
BUY TATAEXL 680 SL 640 750/800/825+++
CMP 679.75
DATE 22-7-2019
BY CHART VIJAY GOSWAMI
Tataelxsi - NeutralLong near 660 -520 accumulation levels. Monthly H & S
No Correlation between the script and Nifty and Nifty IT
Follows weekly 100 EMA
476. SAN. Bear bar play plus BV Set upDisclaimer:
Please consult with your financial adviser before making any trading or investment decision. Set-up provided here is for informational and educational purposes only.
This is not a sell or buy recommendation. We are not responsible for any gain or loss; Consult your financial advisor before your execution of trade.
There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on Static ANalysis (SAN). Many times scenarios does not arise for good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) are required for your entries and exists Always run with SL. WavoZen aims for microtrading, unless specified. Wavozen1 aims to publish real-time entries and exits.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on SAN for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. If there is a deviation in assumed scenario in time, speed and angle and these deviations will not encourages for entry as referred as entry not valid (ENV). Daily post appears on stocktwits.WavoZen. Abbreviations: PT1: Profit taking point 1; PT2 =profit taking point 2; SL: Stoploss point. ENT: Entry not Triggered; ENV: Entry not valid. Weekly Review : WR;
