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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)

Showing technical analysis as on 2024-02-05 View latest technical analysis

10 day averaged volume of Tata Elxsi is 7174

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	7602.85	7650.30	7736.35	7582.05	2.218 times
02 Fri Feb 2024	7650.45	7681.00	7765.00	7605.00	0.768 times
01 Thu Feb 2024	7636.05	7619.15	7704.55	7600.00	0.525 times
31 Wed Jan 2024	7603.60	7596.55	7656.00	7576.30	0.872 times
30 Tue Jan 2024	7594.65	7735.70	7770.00	7565.00	0.758 times
29 Mon Jan 2024	7692.60	7748.15	7748.15	7658.00	1.137 times
25 Thu Jan 2024	7660.15	7935.95	7935.95	7633.00	1.341 times
24 Wed Jan 2024	7766.65	8099.00	8099.00	7750.00	2.346 times
23 Tue Jan 2024	8193.65	8286.20	8357.30	8080.00	1.055 times
22 Mon Jan 2024	8286.05	8350.65	8395.20	8274.30	0.468 times

Stock of Tata Elxsi (TataElxsi) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7721.4, but if it comes above 7721.4, then a intra day buy could be more profitable.
If you take a sell trade below 7721.4, then use 7721.4 as stoploss and 7168.1 as target. However if you take a buy trade in stock , then use 7721.4 as stoploss and 8182.54 as target.

Share price targets for Tata Elxsi (TataElxsi)

Target Type	Value
Downside Target	7170.05
Downside Target	7415.00
Downside Target	7565.00
Upside Target	8040.30
Upside Target	8300.00
Upside Target	8395.20
Upside Target	8570.00
Upside Target	8576.25
Upside Target	8814.45
Upside Target	8948.40
Upside Target	9191.10

Intraday share price targets for Tata Elxsi (TataElxsi)

Target Type	Value
Downside Intraday Target	7544.48
Downside Intraday Target	7486.12
Upside Intraday Target	7698.78
Upside Intraday Target	7794.72
Upside Intraday Target	7640.42

Weekly technical analysis of Tata Elxsi (TataElxsi)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	7602.85	7650.30	7736.35	7582.05	0.546 times
02 Fri Feb 2024	7650.45	7748.15	7770.00	7565.00	0.779 times
25 Thu Jan 2024	7660.15	8350.65	8395.20	7633.00	0.615 times
19 Fri Jan 2024	8302.45	8814.45	8814.45	8040.30	1.527 times
12 Fri Jan 2024	8731.30	8643.00	8948.40	8570.00	1.199 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
05 Mon Feb 2024	7602.85	7619.15	7765.00	7582.05	0.132 times
31 Wed Jan 2024	7603.60	8759.00	8948.40	7565.00	0.625 times
29 Fri Dec 2023	8757.70	8374.95	9191.10	8300.00	1.596 times
30 Thu Nov 2023	8261.55	7650.00	8576.25	7415.00	0.898 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Tata Elxsi is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7738.19 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.