Wednesday, July 11, 2018

Tata Elxsi – 18% returns in just 22 trading sessions!

You might have seen me talking about the theme of the year is IT sector. It has played out exceptionally well and you can clearly see how strongly IT stocks are performing including largecap stocks like TCS.
Now below is the stock recommendation which was given in our Multibagger research report on 11th of June when the stock was near the zone of 1225 levels. Today it touched an intraday high of 1452 levels. That is a whopping 18% gain in just a month’s time!!! Also this is during the corrective phase of the market.
See yourself below chart of Tata Elxsi which helped us to be bullish at such lower levels:
Tata Elxsi weekly chart:

The above research about L&T Infotech was published on 11th June 2018 in our “The Financial Waves Multibagger update”.
Tata Elxsi price on 11th June 2018: 1225
Time Horizon – 1- 2 years
Investment – 5% of capital
Target price – ……..
Stoploss – 700
Tata Elxsi is in the Computers-Software sector. The current market capitalization stands at Rs. 7,691.14 Crore. The company’s P/E ratio is at 37.70.
Elliott wave perspective: As shown in Weekly chart of Tata Elxsi wave (iv) of [5] is probably complete and prices are moving higher in the form of wave (v). Any dips can be used as buying opportunity in this stock for the target of ……….
One can start buying this stock at current levels and add on dips towards …….. and can maintain stop around 700 price levels which is near the starting point of wave (v).
Conservative target for this stock can be maintained at ………. on the upside
Happened: As mentioned prices exhibited a sharp move on upside and has performed as expected making a high of 1452. It is interesting to see that Tata Elxsi has provided nearly 18% return in just 22 trading days. So what is the target level?
We also published today another stock that has potential to provide multifold returns. Do not miss out on the next big trending opportunity. Also keep in mind there is always a risk involved and the investments should be done by maintaining strict stoploss. This is a systematic approach to create wealth.
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