#tataelxsi can rally towards 7200, if sustains above 6400, it has seen a flag breakout
RSI & MACD displays upward momentum
#Nifty #NiftyIT #Stocks
Not trading call, academic post

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

This is line chart based arc I plotted a few days ago to see where does the target of 2nd arc completes. We got ~9200(+/- 100/-) Switch to candles. See rejection area. Arc on candles is not really ideal but on line it is. No view above 9200! MAs need to catch up. #TATAELXSI

Tata Elxsi - now the price has to close above 7250 to negate the H&S top in place which has a target of 5780

#TATAELXSI

How price reaction to future growth

#Observation

#TATAELXSI - TATAELXSI is in Accumulation Zone - TradingView -

#TATAELXSI - TRENDLINE SS AND RR - TradingView -

#TATAELXSI

Hottest stock of social media 😷😷

Better on Retest

Looking 11500++

📊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%

The remarkable story of #TataElxsi

Chart shows a 23 yr journey
First 15 yrs range bound
Then 13x in the next 2.5 yrs
Then range bound for 5 yrs
Then 10x+ in next 2 yrs

You just have to catch some parts of these trends.
Disc: We hold in our @smallcaseHQ
https://t.co/3lARUwLkSb

Tata Elxsi - I waited for the trigger today but to no avail. The setup is still the best with price consolidating right in the RS zone. Waiting for the breakout till then no action.

#TATAELXSI
The price is at the reversal area, For advancing further; A close above Point D would be important.
Let's see how it plays out.

it has alreready made a new all time highest close. It provided low cheat entry twice already in last 2 weeks.
A good breakout to new high is possible here

#tataelxsi