TATAELXSI trade ideas
One can start accumulating quality stock.One can start accumulating quality stock. Support and resistances are as shown in chart. Weekly RSI 3 is at 6 and good value for money.
TATA ELXSI Tata elxsi at again at trendline support line... this stock is going making new high by taking support on this trendline if this trendline breaks then we can see a good momentum in down side direction or if take support here then again it will go up
TATA ELXSI CAN MOVE 7% TO 21%It has taken multiple times support from a trendline at this time it can take support again, here we can enter with small SL and we can aim for higher targets.
TATAELXSI is near support line of channel patternNSE:TATAELXSI large cap IT stock is near the support of channel pattern formed since 2021-04-01
Pros:
Consistent increase in Revenue and Profit
Zero net debt, very low debt to asset ratio
Consistent dividend payer
Cons:
Trading at very high PE ratio.
Short term : For short term gains, buy at channel bounce around 8700 and above and exit at 20% gains.
Long term : Since the channel is formed for 1.5 years, higher gains can be obtained in long term by accumulating more at lower levels. Buy around 8200 and more at lower levels. Exit can be near the resistance reversal or after breakout (if any). This can nearly provide 50% for full up move.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
TATA ELXSI good for swing trade TATA ELXSI GOOD FOR SWING TRADE
This stock is support the moving average 44 and support line so it is a good stock to buy
BUY =9085
sp =8800
1st target =9547
2nd target = 9800
Tata elxi: strong breakout soon stockTata elxi is a strong candidate for a possible breakout from its immediate resistance. Wait for the price to cross the resistance level! Keep it in your radar! # Tata elxi # Breakout soon
Bullish pennat breakoutBullish pennat breakout buying zone is given buy around that level after possitve candle close either (day candle or 4hr candle)
TATAELXSI Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
TATA ELEXSI TATA ELEXSI - Ongoing wave 3
Wave 3 is the longest wave and catching it early can fetech good results.
Ride the trend.
Tata ELXSI rally over???Everything is explained well in the chart itself, pls watch carefully and try to understand. As per me i think rally is about to end as it's making Higher Low and downtrend is visible. Possible level- 6787,6453,5981 & 5000. Allah Knows Best.
TATA elxsiTATA Elxsi expected to fall soon. On weekly TF, RSI is giving -ve divergence. Moreover, it can be observed from the chart that there is a Resistance of trendline at current level.
Further, tata trust is going short on same
PS - Just for educational purpose :)
Tata ELXSI @7746Stock at support zone of 7740-7770, high chances of reversal but if breaks down then 7300 or 6800 levels are expected. Rest Allah knows best.
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Tata Elxsiwait 7430-7480 levels , to cool down then it would be a great entry
April 20 is result day ,
stock has already rallied with good q4 resukts exceptations
TATA ELXSI -inverted head and shoulder patternpositional traders can add TATA ELXSI to their radar, as it is at the verge of SLANTED Head and Shoulder Pattern Break down.This is for Educational Purpose only and we are not SEBI Registered.
tata elxsi - breaks below the cloud. Longs should exitStock broke below the cloud for the first time after april 2020
Longs should be cautious
TATAELXSI short term1. Wide range bullish candles as pointed on the chart.
2. look at bearish candles as pointed on the chart.
3. Trying to reach 50 DMA trend line
4. formed a Nce stage structure.
5. Marked breakout entry, Accumulate less right now
Tata ELXSIPerfectly moving in a channel since new year break out happend 20 sep21 and sustained above channel for a month then market went down so Tata elxsi, however again took support of upper trend line of channel from February on 8 nov and this week retested the same, as per DMI last buying level given in may2020. Still quite away from ema20, however have been following ema9, current analysis indicates may go sideways for couple of days before it starts rally upwards and make new high. Anytime if reaches around 5866 would be a great buy.else need to wait until forms green candle with ema9 support, can go long on that level.
