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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 2024-06-07 View latest technical analysis

10 day averaged volume of Tata Elxsi is 174142

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	7120.00	6960.00	7165.00	6960.00	1.331 times
06 Thu Jun 2024	6932.20	6983.30	7018.50	6900.00	0.793 times
05 Wed Jun 2024	6878.90	6850.00	6943.55	6652.55	0.671 times
04 Tue Jun 2024	6726.20	6975.00	6975.00	6411.20	1.713 times
03 Mon Jun 2024	6947.60	7148.00	7148.00	6926.45	1.089 times
31 Fri May 2024	6944.35	7240.00	7244.00	6903.00	2.909 times
30 Thu May 2024	7194.85	7326.70	7343.25	7165.85	1.091 times
29 Wed May 2024	7290.20	7310.50	7313.00	7252.35	0.39 times
28 Tue May 2024	7319.90	7360.00	7385.00	7303.35	0.369 times
27 Mon May 2024	7316.80	7374.95	7459.90	7305.00	0.48 times

My analysis of stock is bearish for shortterm, and stock might move down till 6976 or till 6751.2. Use a stoploss of 7163.3 and if the stock hits stoploss, then it can shoot up till 7350.62

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	6411.20
Downside Target	6903.00
Upside Target	7165.00
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	6632.47
Downside Intraday Target	6144.93
Upside Intraday Target	7386.27
Upside Intraday Target	7652.53
Downside Intraday Target	6898.73

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	7120.00	7148.00	7165.00	6411.20	1.068 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
07 Fri Jun 2024	7120.00	7148.00	7165.00	6411.20	0.386 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Tata Elxsi in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 6993.8 and Tata Elxsi (TATAELXSI) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.