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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 2024-01-16 View latest technical analysis

10 day averaged volume of Tata Elxsi is 69478

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	8604.55	8719.90	8730.80	8580.30	0.879 times
15 Mon Jan 2024	8716.65	8797.45	8819.90	8677.25	1.08 times
12 Fri Jan 2024	8737.25	8799.90	8949.00	8712.15	2.257 times
11 Thu Jan 2024	8720.80	8800.00	8868.65	8700.00	1.149 times
10 Wed Jan 2024	8755.45	8679.00	8800.00	8602.30	0.917 times
09 Tue Jan 2024	8643.60	8650.00	8744.40	8610.00	1.086 times
08 Mon Jan 2024	8584.15	8647.70	8695.00	8565.10	0.62 times
05 Fri Jan 2024	8645.85	8677.95	8718.95	8575.10	0.695 times
04 Thu Jan 2024	8639.65	8607.55	8698.00	8607.55	0.747 times
03 Wed Jan 2024	8607.55	8722.95	8728.80	8600.00	0.769 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8631.3, but if it comes above 8631.3, then a intra day buy could be more profitable.
If you take a sell trade below 8631.3, then use 8631.3 as stoploss and 8522.7 as target. However if you take a buy trade in stock , then use 8631.3 as stoploss and 8721.73 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	8701.50
Upside Target	8793.00
Upside Target	8819.90
Upside Target	8930.00
Upside Target	8949.00
Upside Target	9200.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	8516.6
Downside Intraday Target	8428.65
Upside Intraday Target	8756.2
Upside Intraday Target	8907.85
Upside Intraday Target	8668.25

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	8604.55	8797.45	8819.90	8580.30	0.325 times
12 Fri Jan 2024	8737.25	8647.70	8949.00	8565.10	1.778 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

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
16 Tue Jan 2024	8604.55	8793.00	8949.00	8565.10	0.236 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Weak and stock is losing momentum.

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

Tata Elxsi Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8680.98 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.