Is Tata Elxsi technically bullish or bearish?

As of 31 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a strong indication of weakness. Key indicators driving this stance include bearish signals from the MACD on both weekly and monthly time frames, bearish readings from the moving averages on the daily chart, and bearish trends in the KST across both weekly and monthly periods. Although the Dow Theory shows a mildly bullish signal on the weekly chart, the overall bearish sentiment is reinforced by the Bollinger Bands and the OBV, which are both mildly bearish on the monthly time frame. The stock has underperformed significantly compared to the Sensex over various periods, further indicating weakness.