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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 2024-01-24 View latest technical analysis

10 day averaged volume of Tata Elxsi is 106275

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	7768.45	8000.00	8150.00	7744.10	3.767 times
23 Tue Jan 2024	8195.70	8300.00	8358.00	8075.45	1.106 times
22 Mon Jan 2024	8290.25	8380.00	8388.00	8276.90	0.295 times
19 Fri Jan 2024	8307.30	8409.00	8610.70	8231.85	0.921 times
18 Thu Jan 2024	8310.70	8550.00	8579.95	8033.60	2.88 times
17 Wed Jan 2024	8597.80	8599.00	8640.00	8511.00	0.691 times
16 Tue Jan 2024	8604.55	8719.90	8730.80	8580.30	0.575 times
15 Mon Jan 2024	8716.65	8797.45	8819.90	8677.25	0.706 times
12 Fri Jan 2024	8737.25	8799.90	8949.00	8712.15	1.476 times
11 Thu Jan 2024	8720.80	8800.00	8868.65	8700.00	0.751 times

Stock of Tata Elxsi (TATAELXSI) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 8007.3, for a target of 8305.9 or 8554.64

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	7172.00
Downside Target	7413.70
Downside Target	7744.10
Upside Target	8033.60
Upside Target	8300.00
Upside Target	8565.10
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	7545.7
Downside Intraday Target	7322.95
Upside Intraday Target	8189.6
Upside Intraday Target	8610.75
Upside Intraday Target	7966.85

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	7768.45	8380.00	8388.00	7744.10	0.895 times
19 Fri Jan 2024	8307.30	8797.45	8819.90	8033.60	1.464 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

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
24 Wed Jan 2024	7768.45	8793.00	8949.00	7744.10	0.541 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 8266.09 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 negative.

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