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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 2024-02-06 View latest technical analysis

10 day averaged volume of Tata Elxsi is 137767

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	7721.80	7697.95	7787.95	7643.75	1.124 times
05 Mon Feb 2024	7601.00	7641.05	7739.00	7583.30	0.599 times
02 Fri Feb 2024	7641.00	7695.00	7770.00	7601.00	0.741 times
01 Thu Feb 2024	7640.90	7610.00	7700.00	7600.00	0.594 times
31 Wed Jan 2024	7605.15	7600.00	7657.10	7572.05	1.024 times
30 Tue Jan 2024	7594.80	7721.00	7770.85	7564.20	0.986 times
29 Mon Jan 2024	7694.00	7677.00	7744.65	7650.05	0.733 times
25 Thu Jan 2024	7667.15	7952.45	7952.45	7640.00	1.336 times
24 Wed Jan 2024	7768.45	8000.00	8150.00	7744.10	2.906 times
23 Tue Jan 2024	8195.70	8300.00	8358.00	8075.45	0.853 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 7678.4 as stoploss in an intra day buy trade for a target of 8140.72. However, stock will show a bearish move below 7678.4.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	7172.00
Downside Target	7413.70
Downside Target	7564.20
Upside Target	8033.60
Upside Target	8300.00
Upside Target	8388.00
Upside Target	8565.10
Upside Target	8576.05
Upside Target	8819.90
Upside Target	8949.00
Upside Target	9200.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	7607.42
Downside Intraday Target	7493.03
Upside Intraday Target	7812.07
Upside Intraday Target	7902.33
Downside Intraday Target	7697.68

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	7721.80	7641.05	7787.95	7583.30	0.423 times
02 Fri Feb 2024	7641.00	7677.00	7770.85	7564.20	0.766 times
25 Thu Jan 2024	7667.15	8380.00	8388.00	7640.00	1.195 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

Price has moved up 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
06 Tue Feb 2024	7721.80	7610.00	7787.95	7583.30	0.177 times
31 Wed Jan 2024	7605.15	8793.00	8949.00	7564.20	0.709 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tata Elxsi ( (TATAELXSI) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Tata Elxsi Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Tata Elxsi in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 7723.75 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.