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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 2024-02-22 View latest technical analysis

10 day averaged volume of Tata Elxsi is 7885

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	7787.30	7833.85	7833.85	7750.00	0.5 times
21 Wed Feb 2024	7741.30	7780.15	7848.00	7717.95	1.727 times
20 Tue Feb 2024	7785.60	7764.95	7841.65	7615.00	1.184 times
19 Mon Feb 2024	7707.60	7515.45	7742.35	7515.45	0.678 times
16 Fri Feb 2024	7510.30	7504.10	7571.65	7480.05	0.939 times
15 Thu Feb 2024	7472.90	7453.30	7535.00	7450.00	0.317 times
14 Wed Feb 2024	7424.00	7440.00	7440.00	7350.00	1.159 times
13 Tue Feb 2024	7446.80	7500.10	7534.20	7382.00	1.446 times
12 Mon Feb 2024	7499.75	7630.25	7716.75	7475.00	0.504 times
09 Fri Feb 2024	7627.80	7682.20	7750.00	7519.45	0.695 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7745.3, but if it comes below 7745.3, then a intra day sell could be more profitable.
If you take a sell trade below 7745.3, then use 7745.3 as stoploss and 7633.73 as target. However if you take a buy trade in stock , then use 7745.3 as stoploss and 7879.2 as target.

Share price targets for Tata Elxsi (TataElxsi)

Target Type	Value
Downside Target	7170.05
Downside Target	7350.00
Downside Target	7770.00
Upside Target	7846.55
Upside Target	7848.00
Upside Target	8300.00
Upside Target	8395.20
Upside Target	8576.25
Upside Target	8948.40
Upside Target	9191.10

Intraday share price targets for Tata Elxsi (TataElxsi)

Target Type	Value
Downside Intraday Target	7585.83
Downside Intraday Target	7384.37
Upside Intraday Target	7918.38
Upside Intraday Target	8049.47
Downside Intraday Target	7716.92

Weekly technical analysis of Tata Elxsi (TataElxsi)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	7787.30	7515.45	7848.00	7515.45	0.937 times
16 Fri Feb 2024	7510.30	7630.25	7716.75	7350.00	0.67 times
09 Fri Feb 2024	7627.80	7650.30	7846.55	7519.45	1.763 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

Price has moved up 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
22 Thu Feb 2024	7787.30	7619.15	7848.00	7350.00	0.666 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tata Elxsi ( (TataElxsi) ) based on a short to mid 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.

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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Tata Elxsi in short term and BUY 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

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 7605.38 and Tata Elxsi (TataElxsi) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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.