TATAELXSI - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

Here’s a detailed technical analysis of Tata Elxsi Ltd. (TATAELXSI)

📊 Trend Overview

Current Trend: Reversing to bearish

Price is below both 50-DMA (₹6,179) and 200-DMA (₹6,327) — signals a breakdown from prior support.

RSI (42.8) — bearish zone, indicating weakening momentum.

MACD (-40.2) — strongly negative, confirming downward pressure.

Volume: Slightly below average — lack of bullish conviction.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA and 200-DMA → confirms bearish bias.

Bollinger Bands

Price likely near lower band — oversold territory, but no reversal signal yet.

Support Levels

₹6,000 – ₹6,050 (current zone)

₹5,800 – ₹5,850 (historical support)

₹4,601 (52-week low)

Resistance Levels

₹6,179 (50-DMA)

₹6,327 (200-DMA)

₹6,500 – ₹6,600 (recent swing highs)

🔍 Momentum Signals

Short-Term Bias: Bearish with mild bounce potential

RSI below 45 and MACD deep in negative — momentum is weak.

Volume trend is soft — no signs of accumulation.

ADX & Stochastic: Indicate mild bearish strength

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🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹5,850 – ₹6,050 Near support, potential bounce zone

Exit Target ₹6,175 – ₹6,300 Resistance at moving averages

Stop Loss ₹5,800 Below key support

🧠 Summary

TATAELXSI is currently reversing into a bearish phase, with price action slipping below key moving averages and momentum indicators flashing red. RSI and MACD both suggest weakness, and volume trends confirm a lack of bullish participation. A short-term bounce is possible near ₹5,850, but traders should wait for confirmation before entering.

You can explore more technical overlays and oscillator signals on Moneycontrol’s technical dashboard or TopStockResearch’s analysis page. Want to compare this setup with other mid-cap IT stocks or explore sector rotation strategies? I’ve got plenty of ideas to help you dig deeper.

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