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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 2024-02-15 View latest technical analysis

10 day averaged volume of Tata Elxsi is 95496

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	7470.20	7499.95	7540.00	7450.00	0.645 times
14 Wed Feb 2024	7429.55	7440.00	7449.90	7350.00	1.099 times
13 Tue Feb 2024	7443.30	7539.95	7541.15	7379.05	0.774 times
12 Mon Feb 2024	7498.60	7720.95	7740.00	7475.00	1.016 times
09 Fri Feb 2024	7629.35	7734.95	7758.95	7521.00	1.163 times
08 Thu Feb 2024	7726.40	7848.00	7848.00	7667.05	0.735 times
07 Wed Feb 2024	7790.15	7800.00	7850.15	7760.60	0.802 times
06 Tue Feb 2024	7721.80	7697.95	7787.95	7643.75	1.622 times
05 Mon Feb 2024	7601.00	7641.05	7739.00	7583.30	0.864 times
02 Fri Feb 2024	7641.00	7695.00	7770.00	7601.00	1.068 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7470.9, but if it comes above 7470.9, then a intra day buy could be more profitable.
If you take a sell trade below 7470.9, then use 7470.9 as stoploss and 7134.4 as target. However if you take a buy trade in stock , then use 7470.9 as stoploss and 7751.29 as target.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	7172.00
Downside Target	7350.00
Upside Target	7850.15
Upside Target	8033.60
Upside Target	8300.00
Upside Target	8388.00
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	7300.13
Downside Intraday Target	7130.07
Upside Intraday Target	7690.13
Upside Intraday Target	7910.07
Upside Intraday Target	7520.07

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	7470.20	7720.95	7740.00	7350.00	0.681 times
09 Fri Feb 2024	7629.35	7641.05	7850.15	7521.00	0.881 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

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
15 Thu Feb 2024	7470.20	7610.00	7850.15	7350.00	0.427 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 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 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 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 7602.7 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.