Tata Elxsi - seems now also a good low-risk trade to me. However, as a cardinal rule would add on the breakout. For 20 MA followers, it is a good point to enter with a SL few percentages below MA.
More from Steve Nison
Deepak nitrite
Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p
Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p
Tata Elxsi ---
— Steve Nison (@nison_steve) June 30, 2021
In the last 10 minutes, all the selling was absorbed despite intraday positions being squared off (if not converted). will wait for the EOD data. However, the chart structure is extremely strong. https://t.co/pci7GCDBEO pic.twitter.com/1NBD9V3mKc
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Tata Elxsi - IH&S continuation breakout done.
Target opened as per the pattern is 8900 https://t.co/nRqYqPnPB3
Target opened as per the pattern is 8900 https://t.co/nRqYqPnPB3
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. pic.twitter.com/LnOPswWgAp
— The_Chartist \U0001f4c8 (@charts_zone) March 16, 2022
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