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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 2024-05-06 View latest technical analysis

10 day averaged volume of Tata Elxsi is 185119

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	7087.55	7148.00	7165.90	7071.15	0.366 times
03 Fri May 2024	7111.75	7195.00	7198.00	7080.00	0.448 times
02 Thu May 2024	7151.45	7098.00	7195.00	7065.90	0.634 times
30 Tue Apr 2024	7051.90	7100.00	7162.95	7025.00	0.725 times
29 Mon Apr 2024	7102.60	7174.00	7174.00	7078.05	0.505 times
26 Fri Apr 2024	7103.70	7130.00	7195.00	7082.00	0.676 times
25 Thu Apr 2024	7093.90	7087.15	7115.00	7060.00	0.788 times
24 Wed Apr 2024	7030.15	7034.05	7247.30	7000.00	4.356 times
23 Tue Apr 2024	7395.20	7498.00	7498.80	7380.00	0.687 times
22 Mon Apr 2024	7436.65	7487.00	7575.75	7420.00	0.654 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7105.5, but if it comes above 7105.5, then a intra day buy could be more profitable.
If you take a sell trade below 7105.5, then use 7105.5 as stoploss and 6688.7 as target. However if you take a buy trade in stock , then use 7105.5 as stoploss and 7452.85 as target.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	7000.00
Upside Target	7564.20
Upside Target	7575.75
Upside Target	7710.00
Upside Target	7733.00
Upside Target	7993.20
Upside Target	7995.00
Upside Target	8133.85
Upside Target	8195.00
Upside Target	8949.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	7050.5
Downside Intraday Target	7013.45
Upside Intraday Target	7145.25
Upside Intraday Target	7202.95
Upside Intraday Target	7108.2

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	7087.55	7148.00	7165.90	7071.15	0.159 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
12 Fri Apr 2024	7753.75	8120.05	8133.85	7733.00	0.369 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
06 Mon May 2024	7087.55	7098.00	7198.00	7065.90	0.074 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 7111.82 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.