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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 2024-06-03 View latest technical analysis

10 day averaged volume of Tata Elxsi is 146511

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	6947.60	7148.00	7148.00	6926.45	1.294 times
31 Fri May 2024	6944.35	7240.00	7244.00	6903.00	3.457 times
30 Thu May 2024	7194.85	7326.70	7343.25	7165.85	1.297 times
29 Wed May 2024	7290.20	7310.50	7313.00	7252.35	0.464 times
28 Tue May 2024	7319.90	7360.00	7385.00	7303.35	0.439 times
27 Mon May 2024	7316.80	7374.95	7459.90	7305.00	0.571 times
24 Fri May 2024	7374.95	7416.60	7423.90	7326.05	0.588 times
23 Thu May 2024	7416.60	7268.95	7559.00	7240.15	1.916 times
22 Wed May 2024	7211.60	7232.05	7303.60	7171.50	0.77 times
21 Tue May 2024	7238.90	7350.00	7350.00	7220.00	0.426 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 6919.9, for a target of 7076.5 or 7207.05

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	6903.00
Upside Target	7335.00
Upside Target	7350.00
Upside Target	7398.80
Upside Target	7459.90
Upside Target	7559.00
Upside Target	7993.20
Upside Target	7995.00
Upside Target	8195.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	6866.7
Downside Intraday Target	6785.8
Upside Intraday Target	7088.25
Upside Intraday Target	7228.9
Upside Intraday Target	7007.35

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	6947.60	7148.00	7148.00	6926.45	0.208 times
31 Fri May 2024	6944.35	7374.95	7459.90	6903.00	1.683 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

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
03 Mon Jun 2024	6947.60	7148.00	7148.00	6926.45	0.075 times
31 Fri May 2024	6944.35	7098.00	7559.00	6903.00	0.698 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

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 to mid 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 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 SELL signal for Tata Elxsi in short term and the sell signal is strong.

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 moving up

CCI has generated a SELL signal for Tata Elxsi in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 7154.33 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.