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DEEPAK PAL

10th Oct · SEBI-Registered Analyst

TATAELXSI
TATA ELXSI: Daily Technical Chart Analysis •Price Action:
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Tata Elxsi is trading near ₹5,573,
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showing a strong recovery after a sharp downtrend. The recent candles indicate bullish momentum with two consecutive strong green candles. •Moving Averages: The price is testing the 20-day and 50-day moving averages.
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These averages (approx 5,465 and 5,625) are in a neutral-to-
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support zone, and a close above 5,625 can invite further upside. •Oscillators: RSI is at 47, reflecting neutral momentum, but rising
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from oversold territory, so short-term buying can continue. Stochastic RSI signals a strong uptrend, while CCI is neutral. Support/Resistance: •Immediate support: ₹5,353 and ₹5,465 •mmediate resistance: ₹5,560, ₹5,659, and ₹5,766 •Trend: Chart suggests ongoing reversal from a deep correction phase; next bullish up-move possible if Resistance 5,560-5,660 breached.
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Result, Upcoming News & Its Impct •Earnings Impact: Q2 results were mixed, with a YoY decline in both
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revenue and profit, but
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sequential improvement. US operations and media business showed resilience, offsetting auto sector slowdown. •Result Impact: While profit fell YoY due to auto sector weakness and global headwinds, management commentary suggests core verticals are stable and!ter new deals likely to drive future growth. Stock may remain volatile short term, but strong US performance could support medium-term upside. •Upcoming Events: Global auto industry trends and further large deal wins (especially in media, design, and automotive software) may continue to impact Tata Elxsi.
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Watch for management commentary and future guidance in upcoming investor calls.
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#StockInNews#IndexStrategies#WatchOutFor#TechnicalViews#Pre-OpeningCommentary
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