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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 2024-02-23 View latest technical analysis

10 day averaged volume of Tata Elxsi is 105882

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	7812.30	7900.05	7995.00	7750.00	1.626 times
22 Thu Feb 2024	7791.05	7806.00	7807.00	7746.75	0.79 times
21 Wed Feb 2024	7746.20	7846.25	7849.00	7712.05	1.019 times
20 Tue Feb 2024	7776.30	7755.00	7838.15	7610.00	1.804 times
19 Mon Feb 2024	7708.65	7560.00	7744.70	7550.15	1.386 times
16 Fri Feb 2024	7513.45	7518.00	7539.90	7475.20	0.764 times
15 Thu Feb 2024	7470.20	7499.95	7540.00	7450.00	0.581 times
14 Wed Feb 2024	7429.55	7440.00	7449.90	7350.00	0.991 times
13 Tue Feb 2024	7443.30	7539.95	7541.15	7379.05	0.698 times
12 Mon Feb 2024	7498.60	7720.95	7740.00	7475.00	0.916 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7759.9, but if it comes below 7759.9, then a intra day sell could be more profitable.
If you take a sell trade below 7759.9, then use 7759.9 as stoploss and 7641.71 as target. However if you take a buy trade in stock , then use 7759.9 as stoploss and 7901.7 as target.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	7172.00
Downside Target	7350.00
Downside Target	7770.85
Upside Target	7850.15
Upside Target	7995.00
Upside Target	8300.00
Upside Target	8388.00
Upside Target	8576.05
Upside Target	8949.00
Upside Target	9200.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	7576.63
Downside Intraday Target	7340.97
Upside Intraday Target	8021.48
Upside Intraday Target	8230.67
Downside Intraday Target	7785.82

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	7812.30	7560.00	7995.00	7550.15	1.677 times
16 Fri Feb 2024	7513.45	7720.95	7740.00	7350.00	0.845 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Tata Elxsi (TATAELXSI)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	7812.30	7610.00	7995.00	7350.00	0.756 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 to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Tata Elxsi in short term and BUY 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

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 7656.82 and Tata Elxsi (TATAELXSI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.