TATAELXSI is in a clear corrective downtrend, with all key simple and exponential moving averages from 5‑day to 200‑day giving a sell signal and price trading below these levels around the ₹6,100 zone. RSI near 27, negative MACD, deeply negative CCI (around −279) and oversold readings on StochRSI and Williams %R indicate strong bearish momentum but also an oversold setup with high volatility. Classical pivot supports lie near ₹6,045–6,071 and resistance around ₹6,133–6,160; any bounce from support is likely to be a technical pullback unless the stock can reclaim and sustain above its short‑term averages.
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