Much needed cool off "hopefully" starting in ELXSI. Will be a good buy on 20-25% cut. So much is already in the price. And those 30%+ contracts aren't forever in this space.
More from Ameya
20% more and this position will be 3x. Selan & CPCL hedging the core beautifully. Spot in advance! Covid accelerated IT, EU Energy crisis accelerating Selan/CPCL.
Almost every 6 year, Chennai Petro falls to 80 odd level, rises to 460-480 and falls again to touch same level. It happened in 2009, happened in 2015, 2020 it just reversed from 80 and result also to assist!! Can we see cycle playing out again?
— Ameya (@Finstor85) July 25, 2020
More from Tataelxsilongterm
Reasons-
1. Long term channel top.
2. Curvature shift of 20 and 50 WMA along with price hitting 20 WMA frequently.
3. Overall weakness in IT sector.
4. For reference, study reliance top in August 2020, study Nasdaq Weekly chart and the top made in Nov 2021.
#tataelxi https://t.co/RmJa5LrdAP
1. Long term channel top.
2. Curvature shift of 20 and 50 WMA along with price hitting 20 WMA frequently.
3. Overall weakness in IT sector.
4. For reference, study reliance top in August 2020, study Nasdaq Weekly chart and the top made in Nov 2021.
#tataelxi https://t.co/RmJa5LrdAP
I have traded the current fav Tata Elxi from 2200 to 4500. No regret on missing out rest of the move because I am not an investor. Now there are many technical red flags. I might be trolled but 10.5k looks max target while 5k or 3-4 years of sideways looks inevitable.#tataelxi
— Aakash Gangwar (@akashgngwr823) March 26, 2022
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