Is Tata Elxsi technically bullish or bearish?

Nov 02 2025 08:09 AM IST
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As of 31 October 2025, Tata Elxsi's technical trend is bearish, with strong bearish signals from MACD, moving averages, and Bollinger Bands, despite some mildly bullish indicators on the weekly chart.
As of 31 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish, with a strong indication from the weekly and monthly MACD both showing bearish signals. The daily moving averages also confirm a bearish outlook. Bollinger Bands are bearish on the weekly and mildly bearish on the monthly, while the KST is bearish across both time frames. Although Dow Theory and OBV show mildly bullish signals on the weekly, they are mildly bearish on the monthly, indicating a lack of strong support for a bullish reversal. Overall, the bearish indicators dominate the analysis, suggesting a weak market sentiment for Tata Elxsi.
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