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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 2024-06-05 View latest technical analysis

10 day averaged volume of Tata Elxsi is 188016

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	6878.90	6850.00	6943.55	6652.55	0.621 times
04 Tue Jun 2024	6726.20	6975.00	6975.00	6411.20	1.587 times
03 Mon Jun 2024	6947.60	7148.00	7148.00	6926.45	1.008 times
31 Fri May 2024	6944.35	7240.00	7244.00	6903.00	2.694 times
30 Thu May 2024	7194.85	7326.70	7343.25	7165.85	1.01 times
29 Wed May 2024	7290.20	7310.50	7313.00	7252.35	0.361 times
28 Tue May 2024	7319.90	7360.00	7385.00	7303.35	0.342 times
27 Mon May 2024	7316.80	7374.95	7459.90	7305.00	0.445 times
24 Fri May 2024	7374.95	7416.60	7423.90	7326.05	0.458 times
23 Thu May 2024	7416.60	7268.95	7559.00	7240.15	1.493 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6995, but if it comes above 6995, then a intra day buy could be more profitable.
If you take a sell trade below 6995, then use 6995 as stoploss and 6779.4 as target. However if you take a buy trade in stock , then use 6995 as stoploss and 7174.63 as target.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	6411.20
Upside 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	6477.4
Downside Intraday Target	6075.9
Upside Intraday Target	7214.2
Upside Intraday Target	7549.5
Downside Intraday Target	6812.7

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	6878.90	7148.00	7148.00	6411.20	0.663 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 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
05 Wed Jun 2024	6878.90	7148.00	7148.00	6411.20	0.239 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 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 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 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 but selling is losing 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 7063.22 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.