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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 2024-08-07 View latest technical analysis

10 day averaged volume of Tata Elxsi is 76536

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	6844.45	6750.00	6879.95	6716.00	0.864 times
06 Tue Aug 2024	6696.00	6777.80	6888.50	6666.00	1.263 times
05 Mon Aug 2024	6777.80	6831.20	6870.00	6730.00	1.378 times
02 Fri Aug 2024	6911.05	6918.00	6940.00	6890.05	0.673 times
01 Thu Aug 2024	6942.95	7000.00	7011.85	6919.35	0.727 times
31 Wed Jul 2024	6984.50	6925.00	6990.00	6925.00	1.08 times
30 Tue Jul 2024	6925.60	6935.00	6955.00	6916.00	0.65 times
29 Mon Jul 2024	6930.20	6975.00	7010.00	6921.00	0.845 times
26 Fri Jul 2024	6961.60	6871.00	6974.95	6871.00	0.899 times
25 Thu Jul 2024	6869.70	6906.00	6936.65	6852.00	1.537 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6852.2, but if it comes above 6852.2, then a intra day buy could be more profitable.
If you take a sell trade below 6852.2, then use 6852.2 as stoploss and 6740.1 as target. However if you take a buy trade in stock , then use 6852.2 as stoploss and 6945.69 as target.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	6411.20
Downside Target	6666.00
Upside Target	6852.00
Upside Target	7011.85
Upside Target	7069.15
Upside Target	7103.80
Upside Target	7175.00
Upside Target	7375.00
Upside Target	7559.00
Upside Target	8195.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	6710.8
Downside Intraday Target	6577.15
Upside Intraday Target	6933.3
Upside Intraday Target	7022.15
Downside Intraday Target	6799.65

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	6844.45	6831.20	6888.50	6666.00	0.881 times
02 Fri Aug 2024	6911.05	6975.00	7011.85	6890.05	0.671 times
26 Fri Jul 2024	6961.60	6978.95	7069.15	6852.00	1.253 times
19 Fri Jul 2024	6980.55	7079.00	7103.80	6942.00	0.337 times
12 Fri Jul 2024	7065.55	7061.00	7175.00	6931.35	2.649 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
07 Wed Aug 2024	6844.45	7000.00	7011.85	6666.00	0.151 times
31 Wed Jul 2024	6984.50	7001.40	7175.00	6852.00	0.946 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

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 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 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 moving up

CCI has generated a buy signal for Tata Elxsi in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 6870.45 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.