Is Tata Elxsi technically bullish or bearish?

Nov 03 2025 08:08 AM IST
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As of October 31, 2025, Tata Elxsi's technical trend has shifted to bearish, supported by multiple indicators including bearish MACD and moving averages, despite some mildly bullish signals from Dow Theory.
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 multiple indicators. The MACD is bearish on both the weekly and monthly time frames, and moving averages on the daily chart also confirm a bearish outlook. Bollinger Bands indicate a bearish trend on the weekly and mildly bearish on the monthly. The KST is bearish across both time frames, while the Dow Theory shows a mildly bullish weekly signal but a mildly bearish monthly signal. Overall, the bearish indicators outweigh the mildly bullish signals, reinforcing a bearish sentiment for Tata Elxsi.
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