Tata Elxsi shares fall 1.06% as Nifty gains

Shares of Tata Elxsi Ltd. slipped 1.06 per cent to Rs 6948.5 in Monday’s trade. It hit a high of Rs 7029.45 and low of Rs 6909.7 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 7214.89, while the 50-DMA was at Rs 6414.14. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.