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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 2024-07-09 View latest technical analysis

10 day averaged volume of Tata Elxsi is 105061

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	7016.80	7012.00	7027.00	6971.15	1.311 times
08 Mon Jul 2024	7027.00	7061.00	7095.95	7012.40	0.8 times
05 Fri Jul 2024	7054.45	7075.85	7106.40	7025.00	0.857 times
04 Thu Jul 2024	7075.85	7114.00	7127.75	7070.00	0.627 times
03 Wed Jul 2024	7096.15	7071.80	7114.70	7044.85	0.822 times
02 Tue Jul 2024	7057.75	7100.00	7117.50	7030.45	0.658 times
01 Mon Jul 2024	7072.95	7001.40	7088.90	6980.00	0.895 times
28 Fri Jun 2024	7001.40	7045.95	7045.95	6990.00	0.991 times
27 Thu Jun 2024	6997.55	7095.05	7099.00	6966.00	2.244 times
26 Wed Jun 2024	7089.90	7106.05	7150.00	7075.00	0.644 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7029.4, but if it comes above 7029.4, then a intra day buy could be more profitable.
If you take a sell trade below 7029.4, then use 7029.4 as stoploss and 6918.4 as target. However if you take a buy trade in stock , then use 7029.4 as stoploss and 7121.96 as target.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	6411.20
Downside Target	6903.00
Upside Target	7127.75
Upside Target	7335.00
Upside Target	7349.80
Upside Target	7362.50
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	6959.98
Downside Intraday Target	6903.17
Upside Intraday Target	7084.78
Upside Intraday Target	7152.77
Upside Intraday Target	7027.97

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	7016.80	7061.00	7095.95	6971.15	0.547 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
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

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
09 Tue Jul 2024	7016.80	7001.40	7127.75	6971.15	0.238 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 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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

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 7037.97 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.