TATA ELXSI GOOD FOR LONG (1:15) RR Long

TATA ELXSINSE

Description

⋅ Nov 17, 2022 4:01 PM

i am back with a great analysis on tata elxsi.

tata elxsi bluechip stock looking good for long with very great rr 1:15

entry- 6845

stopped- 6800

target- 7550

lets see what going to happen

Comment

⋅ Nov 18, 2022 12:45 PM

today took long position ay 6844, and luckily i placed stop of 6799, and it didnt get triggered. now i think it will move upwards.

Comment

⋅ Nov 23, 2022 5:16 AM

booked stopped loss at 6795, will try to catch again, cause it feels like stop loss hunting.

Comment

⋅ Dec 5, 2022 5:22 AM

will buy again at 6855, current price- 6974

Comments

MKMagician

⋅ Nov 23, 2022 12:28 AM

any rationale for this ?

amarbajaj13

⋅ Nov 23, 2022 3:43 AM

@Mayank_K, stock has completed wave 4 in weekly chart, now it will move towards wave 5 which will take stock towards 12000 level, but i took position in smaller time frame, for better RR may be it take my stopped, then move up but its in my radar i will catch next upmove of wave 5.

i am a elliot wave trader, i dont show here waves here coz its too complex.

amarbajaj13

⋅ Nov 23, 2022 5:15 AM

@amarbajaj13, booked loss at 6795, but will catch it again soon.