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(TATAELXSI) Tata Elxsi complete technical analysis [charts+indicators] | Buy/Sell Tata Elxsi | (TATAELXSI) share price targets

Complete technical analysis of Tata Elxsi (TATAELXSI) by charts plus indicators, forecast predictions and share price targets for Tata Elxsi (TATAELXSI)

Tata Elxsi trades in NSE in IT Software Products sector.

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Tata Elxsi is 56820

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	8584.15	8647.70	8695.00	8565.10	0.759 times
05 Fri Jan 2024	8645.85	8677.95	8718.95	8575.10	0.85 times
04 Thu Jan 2024	8639.65	8607.55	8698.00	8607.55	0.913 times
03 Wed Jan 2024	8607.55	8722.95	8728.80	8600.00	0.94 times
02 Tue Jan 2024	8711.45	8740.00	8784.60	8609.00	0.83 times
01 Mon Jan 2024	8744.20	8793.00	8793.00	8710.00	0.613 times
29 Fri Dec 2023	8753.45	8799.15	8799.15	8701.50	1.195 times
28 Thu Dec 2023	8757.95	8850.00	8855.00	8742.00	0.928 times
27 Wed Dec 2023	8801.50	8897.00	8925.55	8781.00	1.033 times
26 Tue Dec 2023	8860.30	8914.00	8930.00	8824.00	1.04 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8618.8, but if it comes above 8618.8, then a intra day buy could be more profitable.
If you take a sell trade below 8618.8, then use 8618.8 as stoploss and 8426 as target. However if you take a buy trade in stock , then use 8618.8 as stoploss and 8779.49 as target.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	7172.00
Downside Target	7413.70
Downside Target	7758.90
Downside Target	8300.00
Upside Target	8695.00
Upside Target	8701.50
Upside Target	8793.00
Upside Target	8930.00
Upside Target	9183.25
Upside Target	9200.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	8534.5
Downside Intraday Target	8484.85
Upside Intraday Target	8664.4
Upside Intraday Target	8744.65
Upside Intraday Target	8614.75

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	8584.15	8647.70	8695.00	8565.10	0.183 times
05 Fri Jan 2024	8645.85	8793.00	8793.00	8575.10	0.988 times
29 Fri Dec 2023	8753.45	8914.00	8930.00	8701.50	0.347 times
22 Fri Dec 2023	8870.65	9060.05	9200.00	8408.35	0.375 times
15 Fri Dec 2023	9053.60	8401.70	9183.25	8400.00	3.864 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Tata Elxsi (TATAELXSI)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	8584.15	8793.00	8793.00	8565.10	0.083 times
29 Fri Dec 2023	8753.45	8333.25	9200.00	8300.00	0.966 times
30 Thu Nov 2023	8252.80	7650.00	8576.05	7413.70	1.266 times
31 Tue Oct 2023	7625.20	7260.00	7758.90	7172.00	1.677 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Tata Elxsi (TATAELXSI)

Price action analysis of Tata Elxsi ( (TATAELXSI) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Tata Elxsi ( (TATAELXSI) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Tata Elxsi ( (TATAELXSI) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Tata Elxsi stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Tata Elxsi in short term but the sell signal is initial and weak.

Tata Elxsi Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Tata Elxsi in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Tata Elxsi is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8716.47 and Tata Elxsi (TATAELXSI) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Tata Elxsi (TATAELXSI) stock. Volume based technical analysis of Tata Elxsi (TATAELXSI) stock is negative.

Tata Elxsi Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.