500408 NEWS why is Tata Elxsi price falling or rising

500408 NEWS reasons for why stock price of Tata Elxsi is falling or rising

500408 Tata Elxsi is falling or rising technical reasons

Technical analysis forecast for Tata Elxsi 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 500408 at this time. Stock is falling and might fall more.

It appears as if Tata Elxsi 500408 gave a large move recently.

Stock of Tata Elxsi (500408) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Tata Elxsi is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Tata Elxsi stays below 7198.5, but if it comes above 7198.5, then a intra day buy could be more profitable.
If you take a sell trade below 7198.5, then use 7198.5 as stoploss and 6836.8 as target. However if you take a buy trade in Tata Elxsi, then use 7198.5 as stoploss and 7499.88 as target.

500408 Tata Elxsi is falling or rising NEWS fundamental reasons

Tata Elxsi share price down 5.1 per cent A total of 26,467 shares changed hands on the counter till 02:09PM (IST). - NEWS as on 2024-04-24 indiatimes.com

Tata Elxsi Q4 results: Profit declines 2% to Rs 196.93 cr, misses estimates Tata Elxsi, a provider of design-led technology services, on Tuesday reported a 2.2 per cent decline in net profit at Rs 196.93 crore in the fourth quarter ended in March. The company had posted a net profit of Rs 201.51 crore in the same period of the pre - NEWS as on 2024-04-23 business-standard.com

More announcements and NEWS

500408 Tata Elxsi current price & indicator signals

Moving Averages for Tata Elxsi

  • 5Day Average: 7211.92
  • 12Day Average: 7463.08
  • 20Day Average: 7622.07
  • 50Day Average: 7641.23
  • 100Day Average: 8014.18
  • 150Day Average: 7910.11
  • 200Day Average: 7755.53

500408 Indicators & signals

Indicator MACD (12,26,9)

7392.14, 7546.86, -78.99
Indicator MACD is in negative zone

Indicator ADX (14)

36.01, 15.62, 33.19
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 500408 Tata Elxsi are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 7100.75 7075.00 to 7193.60 0.1% 0.63 times
25 Thu Apr 2024 7093.75 7040.15 to 7117.55 0.83% 2.05 times
24 Wed Apr 2024 7035.10 7000.70 to 7231.70 -4.85% 2.93 times
23 Tue Apr 2024 7393.85 7372.00 to 7500.00 -0.57% 0.46 times
22 Mon Apr 2024 7436.15 7416.40 to 7573.00 -0.11% 0.51 times
19 Fri Apr 2024 7444.50 7370.50 to 7485.00 -0.65% 0.38 times
18 Thu Apr 2024 7493.15 7480.00 to 7619.85 -0.47% 0.52 times
16 Tue Apr 2024 7528.70 7510.25 to 7632.40 0.04% 1.04 times
15 Mon Apr 2024 7526.00 7507.00 to 7700.00 -2.92% 0.77 times
12 Fri Apr 2024 7752.65 7736.05 to 7895.15 -1.33% 0.92 times
10 Wed Apr 2024 7857.25 7812.20 to 7950.00 -0.48% 0.42 times
09 Tue Apr 2024 7895.15 7871.00 to 8065.70 -0.4% 1.07 times

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