Weekly Analysis on

TATAELXSI

Weekly View on

TATAELXSI- Technical View (Weekly Chart) The stock is in a downtrend, consistently making lower highs and lower lows. Trading below short-term (20W EMA), medium-term (50W EMA), and long-term (200W EMA) – indicating weakness. RSI ~39 → shows bearish momentum but nearing oversold zone. MACD remains below signal line → confirms negative sentiment. Support: ₹5,450–₹5,200 zone. Resistance: ₹6,100–₹6,300 zone. View: Weakness likely to persist unless it sustains above ₹6,200. Upcoming Events & Impact Q2 FY26 Results (Oct 2025) → key trigger; margins & deal wins will be watched closely. Global IT spending trends → any recovery in digital transformation budgets may support upside. Automotive EV & healthcare design orders → long-term growth drivers. Why Stock is Falling? ***** booking after sharp run-up in past years. ***** demand environment in global IT & engineering services. ***** valuations compared to earnings growth → leading to correction. ***** weakness – unable to cross key resistance zones, triggering selling pressure.