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Stock analysis Tata Elxsi Limited TATAELXSI

More indepth analysis on MunafaSutra.com

Moving Averages for Tata Elxsi Limited

  • 5Day Average: 7629.92
  • 12Day Average: 7790.51
  • 20Day Average: 7745.23
  • 50Day Average: 7692.09
  • 100Day Average: 8081.42
  • 150Day Average: 7914.89
  • 200Day Average: 7766.34

TATAELXSI Indicators & signals

Indicator MACD (12,26,9)

7707.81, 7733.28, 13.06
Indicator MACD is in negative zone

Indicator ADX (14)

26.02, 15.21, 25.91
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TATAELXSI Tata Elxsi Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
18 Thu Apr 2024 7493.35 7477.00 to 7584.30 -0.49% 0.79 times
16 Tue Apr 2024 7530.00 7510.10 to 7629.90 0.06% 0.46 times
15 Mon Apr 2024 7525.75 7506.00 to 7710.00 -2.94% 1.06 times
12 Fri Apr 2024 7753.75 7733.00 to 7898.80 -1.19% 0.56 times
10 Wed Apr 2024 7846.75 7801.00 to 7956.00 -0.67% 0.47 times
09 Tue Apr 2024 7900.05 7871.00 to 8009.00 -0.28% 0.66 times
08 Mon Apr 2024 7922.45 7814.00 to 8133.85 -1.48% 0.72 times
05 Fri Apr 2024 8041.55 7988.10 to 8174.20 0.18% 0.71 times
04 Thu Apr 2024 8027.50 7985.00 to 8195.00 0.37% 1.28 times
03 Wed Apr 2024 7997.90 7666.00 to 8106.00 3.85% 3.55 times
02 Tue Apr 2024 7701.75 7645.00 to 7769.90 -0.56% 0.53 times
01 Mon Apr 2024 7745.30 7725.40 to 7858.00 -0.51% 0.45 times

Technical analysis forecast for Tata Elxsi Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Tata Elxsi Limited TATAELXSI at this time. Stock is falling and might fall more.

It appears as if Tata Elxsi Limited TATAELXSI gave a large move recently.

Stock of Tata Elxsi Limited (TATAELXSI) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Tata Elxsi Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Tata Elxsi Limited stays below 7564.7, but if it comes above 7564.7, then a intra day buy could be more profitable.
If you take a sell trade below 7564.7, then use 7564.7 as stoploss and 7370.5 as target. However if you take a buy trade in Tata Elxsi Limited, then use 7564.7 as stoploss and 7726.49 as target.

More indepth analysis on MunafaSutra.com