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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 2024-07-23 View latest technical analysis

10 day averaged volume of Tata Elxsi is 151642

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	6994.15	6924.30	7069.15	6900.00	0.754 times
22 Mon Jul 2024	6964.25	6978.95	6978.95	6903.00	0.531 times
19 Fri Jul 2024	6980.55	7050.00	7074.90	6945.00	0.54 times
18 Thu Jul 2024	7034.40	6998.00	7050.00	6942.00	0.717 times
16 Tue Jul 2024	6998.20	7017.80	7043.95	6985.00	0.573 times
15 Mon Jul 2024	7017.80	7079.00	7103.80	7004.00	0.558 times
12 Fri Jul 2024	7065.55	6960.00	7134.70	6950.05	1.787 times
11 Thu Jul 2024	6957.45	7021.00	7037.90	6931.35	2.345 times
10 Wed Jul 2024	7119.45	7075.00	7175.00	7045.00	1.486 times
09 Tue Jul 2024	7016.80	7012.00	7027.00	6971.15	0.908 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 6989.4 as stoploss in an intra day buy trade for a target of 7036.38. However, stock will show a bearish move below 6989.4.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	6411.20
Downside Target	6900.00
Upside Target	7127.75
Upside Target	7175.00
Upside Target	7335.00
Upside Target	7349.80
Upside Target	7375.00
Upside Target	7559.00
Upside Target	7993.20
Upside Target	8195.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	6906.38
Downside Intraday Target	6818.62
Upside Intraday Target	7075.53
Upside Intraday Target	7156.92
Downside Intraday Target	6987.77

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	6994.15	6978.95	7069.15	6900.00	0.538 times
19 Fri Jul 2024	6980.55	7079.00	7103.80	6942.00	0.337 times
12 Fri Jul 2024	7065.55	7061.00	7175.00	6931.35	2.649 times
05 Fri Jul 2024	7054.45	7001.40	7127.75	6980.00	0.568 times
28 Fri Jun 2024	7001.40	7161.90	7349.80	6966.00	1.808 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
23 Tue Jul 2024	6994.15	7001.40	7175.00	6900.00	0.773 times
28 Fri Jun 2024	7001.40	7148.00	7375.00	6411.20	1.042 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

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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Tata Elxsi in short term and the sell signal is strong.

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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying 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 7020.56 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.