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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 2024-05-30 View latest technical analysis

10 day averaged volume of Tata Elxsi is 99792

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	7194.85	7326.70	7343.25	7165.85	1.904 times
29 Wed May 2024	7290.20	7310.50	7313.00	7252.35	0.681 times
28 Tue May 2024	7319.90	7360.00	7385.00	7303.35	0.644 times
27 Mon May 2024	7316.80	7374.95	7459.90	7305.00	0.838 times
24 Fri May 2024	7374.95	7416.60	7423.90	7326.05	0.863 times
23 Thu May 2024	7416.60	7268.95	7559.00	7240.15	2.813 times
22 Wed May 2024	7211.60	7232.05	7303.60	7171.50	1.131 times
21 Tue May 2024	7238.90	7350.00	7350.00	7220.00	0.626 times
18 Sat May 2024	7314.95	7375.00	7398.80	7305.00	0.104 times
17 Fri May 2024	7359.00	7300.00	7369.70	7270.00	0.83 times

My analysis of stock is bearish for shortterm, and stock might move down till 7116.8 or till 6990.2. Use a stoploss of 7222.42 and if the stock hits stoploss, then it can shoot up till 7328

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	7000.00
Downside Target	7165.85
Upside Target	7398.80
Upside Target	7459.90
Upside Target	7559.00
Upside Target	7564.20
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	7087.17
Downside Intraday Target	6979.48
Upside Intraday Target	7381.22
Upside Intraday Target	7567.58
Upside Intraday Target	7273.53

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	7194.85	7374.95	7459.90	7165.85	0.749 times
24 Fri May 2024	7374.95	7350.00	7559.00	7171.50	1.081 times
18 Sat May 2024	7314.95	7120.00	7398.80	7006.00	1.35 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

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
30 Thu May 2024	7194.85	7098.00	7559.00	7006.00	0.558 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 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 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 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 Weak and stock is losing momentum.

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

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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 7311.99 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.