TATAELXSI trade ideas
TATAELXSINSE:TATAELXSI
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
TATAELXI - Intital EntryCompared to other IT stocks TATAELXSI is a bit overvalued for sure and has not fallen at the same rate as other large-cap IT stocks. But I see potential since there are chances for a recovery in the US market which in turn will lead to a recovery in the Indian IT sector and this in turn will be a positive element for this stock. Targeting the all-time high for a move of about 50%, as of now.
But I totally accept the possibility of a crash and will consider adding at around the bottom of the ascending channel.
TATAELXSI : Booked a profit of 19.46%Although the stock is fundamentally strong from a business standpoint, the current valuation is pretty high. There is also a potential for an upcoming crash in US market, especially in IT sector and this might have its effect on Indian IT stocks.
But I'm also aware of a potential rally of at least 8% which I might miss out on and I'm ok with it since the downside risk is much more.
So I'm booking profit and will consider a re-entry if price falls back to technical buying levels.
The post I shared while taking the initial entry in the stock is attached underneath. Do check that out.
Tata ELEXI ready for upside move positional viewFor all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
Tata Elxsi Ltd.Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare.
The company is present across the world with Americas accounting for majority of revenues at 42%, followed by Europe (36%), India (17%) & rest of world contributing to 5% of revenues.
The customer revenue concentration from top 10 clients increased from 46.5% in FY22 to 48.1% in FY23
Stock P/E Ratio trending higher yet but company is the global leader in its segment and management is to expert and experienced and QIBs increasing its stake in this stock and company showed the good result of the last Q2 FY23-24. SO according my view and analysis we can add it in our portfolio slowly slowly means BUY AS MUCH AS DROP the price.
NOTE- GUYS IT IS MY OWN STUDY POINTS. NOT ANY RECOMMENDATION.
TATAELXSI.BO (TATA ELXSI LTD.)TATAELXSI.BO (TATA ELXSI LTD.) Golden Cross detected, a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average. Other indicators I monitor are also suggesting a strong Bullish Trend. Next TP INR 7825.98
*Disclaimer*
The information is purely for *entertainment* purposes, and is not meant to be, and does not constitute, financial, investment, trading, or other types of advice or recommendations. Do Your Own Due Diligence (DYODD)
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Tata Elxsi a giant trying to wake up from slumber. Tata Elxsi a giant trying to wake up from slumber. It has not woken up yet. It will fully wake up only after closing above 6877 but till then here is what you can do.
Tata Elxsi provides design and technology services to various companies across sectors like Automotive, Broadcast, Communication, Healthcare and Transportation. Company is also helping customers reimagine their products and services through design and digital technologies such as Internet of things, Cloud, Mobility, Virtual Reality and Artificial Intelligence. CMP of the stock is 6201. Negatives of the company are High valuation (P.E.= 54.1) and FIIs and MFs are decreasing stake. Positives of the company is Zero promoter pledge, no debt, improving quarterly net profit and improving annual net profit. Entry in the stock can be taken after closing above 6269 levels. The targets will be 6382, 6513 and 6612. Long term target in the stock will be 6739 and 6800+. The stock is a long term investment idea. Stop loss should be maintained at Monthly closing below 5721.
Tata Elxis : Weakness?
Some interesting observations
1. In Weekly time frame, If we draw GANN Resistance Fan taking low of 16 March 2020 and place 0.618 line on highest price . You see almost perfect price alignment on Gann fan lines
2. Daily bullish divergence on RSI & MFI. Retest of 5900 is possible, followed by rebound to test 6000 - 6150 Rs. This could be speculative PA and not FA driven.
WHY? refer to below other side of story.
Bearish outlook:
1. Price is testing 0.25 line, and may go retest 0 line i.e. Price could range between 6200 - 5900 Rs
2. Sell Volume on resistance has been more than 30 Day MA volume trend
3. FII sold 1.5% holdings, where as DII sold 0.48%
4. Plus price is consistently rejected/held below 50 EMA band = Downtrend/Bearish indication
6. Market Cap/Sales is below Median value 13.8
Magic is 200 Week MA is perfectly aligning with 0 Gann line. Will price visit to it?
TATA ELXSI KHAREED LO APKE GRAND CHILD KO GIFT DE DENA YE STOCK.Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centers and offices worldwide.
Market Cap
₹ 41,953 Cr.
Current Price
₹ 6,737
High / Low
₹ 10,760 / 5,708
Stock P/E
58.8
Book Value
₹ 272
Dividend Yield
0.64 %
ROCE
47.7 %
ROE
37.2 %
Face Value
₹ 10.0
Debt
₹ 187 Cr.
EPS
₹ 115
PEG Ratio
2.27
Promoter holding
43.9 %
Intrinsic Value
₹ 1,880
Pledged percentage
0.00 %
EVEBITDA
41.2
PROS:-
Company has delivered good profit growth of 25.9% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
Company has been maintaining a healthy dividend payout of 56.5%
CONS:-
Stock is trading at 24.4 times its book value
BUY KARO BEHATREEN STOCK HAI YE KAMA KE TO DEGA HE APKO AND DUNIYA SE JATE JATE GIFT BHI KRTE JAO APNE GRAND CHILD KO,,INVESTMENT K LIE BEHATREEN STOCK HAI LE LO BAD ME PACHTANE SE ACHA HAI ABHI MORE THAN 40% DISCOUNT PE MIL RHA HAI AJ KA PRICE 6726 KA HAI,,,YE HAR SAL 40% ABOVE COMPOUNDING RETURNS DENE WALA STOCK BHAR LO JHOLI...:)
AUR BHAI LOG AP LOG VIEW TO KRTE HO MERE IDEAS BUT NO SUPPORTS YAR LIKE AND COMMENT BHI KIA KRO AND FOLLOW BHI.
THANKYOU