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Tata Elxsi Limited

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TATAELXSI trade ideas

#Tata ELXSI making cup&handle pattern, 27% upmove possible?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 fireworks on upside or not. Happy Diwali everyone :)
NSE:TATAELXSILong
by ssudhirsharma11
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.
NSE:TATAELXSI
by Sniper-Traders
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.
NSE:TATAELXSI
by Sniper-Traders
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 ,
NSE:TATAELXSI
by JaiPrakashShuklaHarmonicTrader
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.
NSE:TATAELXSILong
by EQUITYBROKER
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)
BSE:TATAELXSILong
by VIN786
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.
NSE:TATAELXSILong
by Happy_Candles_Investment
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?
NSE:TATAELXSIShort
by Parth_Mishra