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
If we are to continue LH-LL setup & break 16666 on daily we will finally complete this drag near 15214. I am not bearish. In fact, this should give amazing opportunity to buy. Until then 16666-17300 continue to provide L-H range for traders. pic.twitter.com/tfIq00VJmZ
— Ameya (@Finstor85) May 2, 2022
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 pic.twitter.com/WNJRZZedrj
— Ameya (@Finstor85) March 30, 2022
More from Tataelxsilongterm
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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