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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 2024-05-31 View latest technical analysis

10 day averaged volume of Tata Elxsi is 104143

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	6944.35	7240.00	7244.00	6903.00	4.864 times
30 Thu May 2024	7194.85	7326.70	7343.25	7165.85	1.824 times
29 Wed May 2024	7290.20	7310.50	7313.00	7252.35	0.653 times
28 Tue May 2024	7319.90	7360.00	7385.00	7303.35	0.617 times
27 Mon May 2024	7316.80	7374.95	7459.90	7305.00	0.803 times
24 Fri May 2024	7374.95	7416.60	7423.90	7326.05	0.827 times
23 Thu May 2024	7416.60	7268.95	7559.00	7240.15	2.696 times
22 Wed May 2024	7211.60	7232.05	7303.60	7171.50	1.084 times
21 Tue May 2024	7238.90	7350.00	7350.00	7220.00	0.6 times
18 Sat May 2024	7314.95	7375.00	7398.80	7305.00	0.1 times

Stock of Tata Elxsi (TATAELXSI) has showed a significant fall. This could be a good time to exit from this stock.

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 6950.7, for a target of 7094.3 or 7214.05

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	6903.00
Upside Target	7171.50
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	6744.93
Downside Intraday Target	6545.52
Upside Intraday Target	7301.83
Upside Intraday Target	7659.32
Upside Intraday Target	7102.42

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
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
03 Fri May 2024	7111.75	7174.00	7198.00	7025.00	0.323 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Tata Elxsi (TATAELXSI)

Date	Monthly Closing Price	Open	High	Low	Volume
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
29 Thu Feb 2024	7811.05	7610.00	7995.00	7350.00	0.984 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 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 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 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

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 7182.22 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.