TATAELXSI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

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

📊 Trend Overview

Current Trend: The stock is in a consolidation phase, trading slightly below its 50 DMA (₹5,772) and well below its 200 DMA (₹6,131). It has declined ~30% from its 52-week high of ₹8,142, indicating a loss of momentum.

Long-Term Trend: Weakening, with lower highs forming since the peak. The 52-week index at 32% suggests limited recovery so far.

📈 Moving Averages

50 DMA: ₹5,772

200 DMA: ₹6,131

Current Price: ₹5,734

Interpretation: Price is below both DMAs, signaling a bearish bias. A close above ₹5,800 would be the first sign of reversal; ₹6,150 is the next major hurdle.

📉 MACD & RSI

MACD: Negative at -15.7, indicating bearish momentum.

RSI: Neutral at 53.9 — no overbought or oversold signal, but leaning slightly bullish.

Conclusion: Momentum indicators suggest sideways movement with a slight bullish tilt. A MACD crossover and RSI > 60 would confirm strength.

📊 Volume Trends

Current Volume: 1.79 lakh

1-Week Avg Volume: 1.41 lakh

Interpretation: Volume is slightly above average, indicating moderate interest. Sustained volume above 2 lakh would validate any breakout.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A move toward the upper band (~₹5,900–₹6,000) would signal bullish momentum.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 5,600 Minor support zone

Support 2 5,300 Previous swing low

Resistance 1 5,800 Near-term resistance zone

Resistance 2 6,150 200 DMA, major ceiling

Resistance 3 6,600–6,900 Intermediate swing highs

🎯 Entry & Exit Zones

Optimal Entry: ₹5,600–₹5,650 (on pullback with confirmation)

Exit Zone: ₹6,150–₹6,600 (partial profit booking), ₹6,900+ (final target if breakout sustains)

🔍 Summary

Trend: Consolidating

Momentum: Weak to neutral

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹5,600–₹5,650 only if support holds. Avoid aggressive entries until price breaks above ₹5,800 with volume and MACD flattens.

Let me know if you'd like a swing trade setup or visual chart overlay based on this!

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