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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 2024-10-08 View latest technical analysis

10 day averaged volume of Tata Elxsi is 172164

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	7550.10	7430.00	7599.00	7380.00	0.658 times
07 Mon Oct 2024	7430.65	7580.00	7627.95	7352.00	0.8 times
04 Fri Oct 2024	7576.10	7589.00	7628.90	7451.00	0.75 times
03 Thu Oct 2024	7589.90	7689.05	7733.00	7570.00	0.738 times
01 Tue Oct 2024	7765.25	7725.00	7807.95	7725.00	0.523 times
30 Mon Sep 2024	7724.45	7780.00	7799.00	7691.00	0.758 times
27 Fri Sep 2024	7811.40	7860.00	8142.15	7600.00	2.732 times
26 Thu Sep 2024	7834.30	7827.00	7924.80	7800.00	0.659 times
25 Wed Sep 2024	7829.10	7950.00	7950.00	7800.00	0.668 times
24 Tue Sep 2024	7920.25	7850.00	7962.00	7789.00	1.024 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7590, but if it comes above 7590, then a intra day buy could be more profitable.
If you take a sell trade below 7590, then use 7590 as stoploss and 7436.8 as target. However if you take a buy trade in stock , then use 7590 as stoploss and 7717.7 as target.

Share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Target	6411.20
Downside Target	6666.00
Downside Target	6852.00
Downside Target	7175.00
Downside Target	7352.00
Upside Target	7807.95
Upside Target	7939.00
Upside Target	8024.00
Upside Target	8142.15
Upside Target	9080.00

Intraday share price targets for Tata Elxsi (TATAELXSI)

Target Type	Value
Downside Intraday Target	7392.08
Downside Intraday Target	7234.07
Upside Intraday Target	7668.03
Upside Intraday Target	7785.97
Downside Intraday Target	7510.02

Weekly technical analysis of Tata Elxsi (TATAELXSI)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	7550.10	7580.00	7627.95	7352.00	0.526 times
04 Fri Oct 2024	7576.10	7780.00	7807.95	7451.00	0.431 times
27 Fri Sep 2024	7811.40	7885.05	8142.15	7600.00	1.352 times
20 Fri Sep 2024	7859.40	7750.00	7939.00	7496.70	0.549 times
13 Fri Sep 2024	7714.90	7590.00	8024.00	7490.00	1.194 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
08 Tue Oct 2024	7550.10	7725.00	7807.95	7352.00	0.125 times
30 Mon Sep 2024	7724.45	8009.00	8142.15	7490.00	0.359 times
30 Fri Aug 2024	8000.70	7000.00	9080.00	6666.00	5.355 times
31 Wed Jul 2024	6984.50	7001.40	7175.00	6852.00	0.946 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Tata Elxsi stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Tata Elxsi in short term but the sell signal is initial and weak.

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 but buying is losing 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 7728.89 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.