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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 2024-05-13 View latest technical analysis

10 day averaged volume of Tata Elxsi is 92440

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon May 2024	7069.00	7120.00	7120.00	7006.00	0.916 times
10 Fri May 2024	7127.40	7151.20	7151.20	7070.50	0.766 times
09 Thu May 2024	7151.45	7115.60	7188.00	7076.30	0.893 times
08 Wed May 2024	7115.60	7140.00	7145.00	7062.00	0.713 times
07 Tue May 2024	7137.85	7143.95	7159.00	7010.75	0.912 times
06 Mon May 2024	7087.55	7148.00	7165.90	7071.15	0.734 times
03 Fri May 2024	7111.75	7195.00	7198.00	7080.00	0.897 times
02 Thu May 2024	7151.45	7098.00	7195.00	7065.90	1.27 times
30 Tue Apr 2024	7051.90	7100.00	7162.95	7025.00	1.451 times
29 Mon Apr 2024	7102.60	7174.00	7174.00	7078.05	1.01 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 7038.4 as stoploss in an intra day buy trade for a target of 7246. However, stock will show a bearish move below 7038.4.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	7000.00
Upside Target	7350.00
Upside Target	7368.00
Upside Target	7564.20
Upside Target	7575.75
Upside Target	7710.00
Upside Target	7993.20
Upside Target	7995.00
Upside Target	8195.00
Upside Target	8949.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	7010
Downside Intraday Target	6951
Upside Intraday Target	7124
Upside Intraday Target	7179
Downside Intraday Target	7065

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon May 2024	7069.00	7120.00	7120.00	7006.00	0.228 times
10 Fri May 2024	7127.40	7148.00	7188.00	7010.75	0.868 times
03 Fri May 2024	7111.75	7174.00	7198.00	7025.00	0.323 times
26 Fri Apr 2024	7103.70	7487.00	7575.75	7000.00	2.643 times
19 Fri Apr 2024	7451.00	7669.95	7710.00	7368.00	1.19 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
13 Mon May 2024	7069.00	7098.00	7198.00	7006.00	0.181 times
30 Tue Apr 2024	7051.90	7845.00	8195.00	7000.00	1.379 times
28 Thu Mar 2024	7785.15	7900.00	7993.20	7335.00	1.122 times
29 Thu Feb 2024	7811.05	7610.00	7995.00	7350.00	0.984 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 BUY signal in short term and the buying is gaining 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 7108.76 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.