#TATAELXSI Weekly chart indicates we're near top as continuous profit booking . https://t.co/p5b5cYVtRP

#IEX Shared chart for reference 👇

#TITAN Many experts were giving 3k as target when stock price was near 2500 😀
~ Immediate resistance near 2175 level

Weekly ratio chart against #nifty says👇

~Oversold in near term, Bounce to banta hai
~But may underperform against #nifty in next 2-3 months.

#HDFCBANK Good to accumulate in this range 1260-1300

Looks good against #Banknifty and may outperform as per monthly chart

~Trendline support
~ Previous swing high

#NIFTYIT #CNXIT
Date : 18th June
~ H&S Breakdown target almost achieved
~ Looks like it may underperform for another 2-3 weeks

You can refer below thread for other IT stocks.

#WIPRO Monthly chart says good to add at current level
MULTIYEAR Breakout channel retest

#TCS Good to accumulate near 2900 level

#INFY #Infosys Good to accumulate near 1350 as per weekly chart

More pain if weekly closing below 1310

#TATAELXSI-5850

As the stock rise almost 89* from 499

And likely go down and maintain 45* it may be 0.50% (3555) or 0.618%(2834)

Losing momentum and likely test 5168.

#Probability

📊TATA ELXSI LIMITED (#TATAELXSI)

🏷Market Cap: 52,550 Cr

🏷One of the World’s leading provider of design and technology services across industries including Automotive, Broadcast & communications and Healthcare

💥Business Analysis

A Thread 🧵

🌁BUSINESS

🏷Part of prestigious TATA Group

🏷Established in 1989, A forward looking IT business

🏷Company earns revenue primarily from providing information technology, engineering design, systems integration & support services, sale of licenses and maintenance of equipment

🌁The company operates in 2 segments

1. Software Development & Services

It is further sub divided into EPD and IDV.

🏷Embedded Product Design (EPD)
🏷Industrial Design & Visualisation (IDV) division

2. System Integration & Support (SIS)

🌁MANAGEMENT

🏷Manoj Raghavan (MD & CEO) : 22 Years of experience (2.42 Yrs tenure)

🏷CEO compensation ($USD 578.96K) is below average for companies of similar size

🏷CEO compensation has increased by more than 20% in the past year

🌁SHAREHOLDING PATTERN

🏷Change in promoter holding (Vs last quarter): -0.21%

🏷Change in FII holding (Vs last quarter): -0.78%

🏷Change in DII holding (Vs last quarter): +0.59%

🏷Change in public holding (Vs last quarter): +0.41%

Tataelxsi :
Forming Flag of HTF.
Uniform runup along the Ema suggests strong uptrend continuation pattern.

#TATAELXSI -8994

Upside #Fibonacci extension only valid till
it's not violate Fibonacci #extension 6.857% 7294)on daily Chart.

Category HR.