#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

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 :
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

#TATAELXSI - TATAELXSI is in Accumulation Zone - TradingView -

#TATAELXSI

How price reaction to future growth

#Observation

📊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 - TRENDLINE SS AND RR - TradingView -

#TATAELXSI

Hottest stock of social media 😷😷

Better on Retest

Looking 11500++

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

#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