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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 2024-06-28 View latest technical analysis

10 day averaged volume of Tata Elxsi is 133525

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	7001.40	7045.95	7045.95	6990.00	0.78 times
27 Thu Jun 2024	6997.55	7095.05	7099.00	6966.00	1.765 times
26 Wed Jun 2024	7089.90	7106.05	7150.00	7075.00	0.507 times
25 Tue Jun 2024	7106.05	7200.00	7228.80	7100.00	1.151 times
24 Mon Jun 2024	7250.70	7161.90	7349.80	7131.00	1.142 times
21 Fri Jun 2024	7120.60	7260.00	7357.95	7077.10	1.301 times
20 Thu Jun 2024	7230.55	7244.05	7269.85	7192.10	0.512 times
19 Wed Jun 2024	7244.80	7290.00	7316.65	7202.80	0.439 times
18 Tue Jun 2024	7289.70	7327.25	7362.50	7275.00	0.704 times
14 Fri Jun 2024	7268.00	7260.00	7375.00	7201.90	1.265 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 6940.4 as stoploss in an intra day buy trade for a target of 7086.38. However, stock will show a bearish move below 6940.4.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	6411.20
Downside Target	6903.00
Upside Target	7335.00
Upside Target	7362.50
Upside Target	7375.00
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	6861.67
Downside Intraday Target	6721.93
Upside Intraday Target	7245.47
Upside Intraday Target	7489.53
Upside Intraday Target	7105.73

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	7001.40	7161.90	7349.80	6966.00	1.808 times
21 Fri Jun 2024	7120.60	7327.25	7362.50	7077.10	0.715 times
14 Fri Jun 2024	7268.00	7189.00	7375.00	7080.00	0.567 times
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

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
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
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 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 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 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.

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 SELL signal for Tata Elxsi in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 7143.85 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.