Tata Elxsi is at crucial support and expected to move up from here. For swing trading purpose we can keep at 1:2 ratio at current level to expect a target of 8400 approx in 1 Month.
Tata Elxsi Ltd. is a global design and technology services company for product engineering and solution services across industries including Automotive, Broadcast, Communications, Healthcare, and Transportation. The operations are classified into two business divisions, i.e., Software Development and Services and Systems Integration and Support.
Tata Elxsi Ltd...
TATA elxsi on weekly time frame has made nice cup & handle pattern. And if we calculate the depth of this range then we can expect around 25-27% upmove till 10000/10294. Off course there are multiple resistances at 1) 8627 2) 8953 3) 9420(important FIB resistance) where booking some profit or trailing SL will make sense for me. Let's if this stock can give some...
Looking bullish on weekly time frame confirming double bottom pattern. 20MA may work as a hurdle for some time.
SL 7180
buy on CMP ( current market price)
First target near 8000.
Further stock can touch ATH ( All Time High) near 10600.
it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
As tata elxsi looking bullish go for long with sl 6965
1st target 7565
2nd target 8064
it is also possible that stock 6798 but strick with sl if again comes at this level you can again enter with minor sl NSE:TATAELXSI
NSE: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...
Compared 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...
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...
For 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...
