Tata Elxsi @ 500 - Gann theorist ( Target: 250)
@ 900 - Auto sector slowdown
@ 1500 - overvalued
@ 2500 - PE is extremely high
@ 3500 - other options avaialble
@ 4500 - market is insane
Heading to 5000 - will hear the new narrative.
The market is an interesting place to watch.
More from The_Chartist 📈
Jubilant Ingrevia - Key learning?
It is important to analyse the strength of the breakout. If the price does not continues the move in 1 or 2 sessions and candles show long upper wicks, it is better to bring the SL closer. Distribution sign.
Will be helpful in next breakouts. https://t.co/AtZOj4bKeT
It is important to analyse the strength of the breakout. If the price does not continues the move in 1 or 2 sessions and candles show long upper wicks, it is better to bring the SL closer. Distribution sign.
Will be helpful in next breakouts. https://t.co/AtZOj4bKeT
Learning: Strong breakout
— The_Chartist \U0001f4c8 (@nison_steve) July 2, 2021
1. Breakout candle will have no upper shadow or extremely less compared to the body
2. Volumes will be high (to avoid retailers to enter & also big hand absorbing all the selling)
3. Pullbacks will be rare/very less
4. Happens after a long consolidation pic.twitter.com/YTHDOnEdxo
More from Tataelxsi
#Tataelxsi-6580
Objective is to move higher towards
Fibonacci extension
6.857%(7294)
#Probability
Objective is to move higher towards
Fibonacci extension
6.857%(7294)
#Probability
#TATAELXSI-6277
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribes) (@idineshptl) October 6, 2021
Objective is to move higher towards Fibonacci extension
6.857%(7294)#Probability https://t.co/M4rSDCf5kt