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(ENERGYDEV) Energy Development complete technical analysis [charts+indicators] | Buy/Sell Energy Development | (ENERGYDEV) share price targets

Complete technical analysis of Energy Development (ENERGYDEV) by charts plus indicators, forecast predictions and share price targets for Energy Development (ENERGYDEV)

Energy Development trades in NSE in Electric Utilities sector.

Showing technical analysis as on 2024-04-12 View latest technical analysis

10 day averaged volume of Energy Development is 371565

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	23.80	24.40	25.20	23.75	0.426 times
10 Wed Apr 2024	24.45	24.50	26.25	24.10	1.669 times
09 Tue Apr 2024	25.20	25.20	25.20	25.20	0.224 times
08 Mon Apr 2024	26.50	26.50	26.50	26.50	0.177 times
05 Fri Apr 2024	27.90	30.00	30.00	27.90	1.527 times
04 Thu Apr 2024	29.35	28.35	29.35	26.85	3.901 times
03 Wed Apr 2024	26.70	24.80	26.70	24.70	0.551 times
02 Tue Apr 2024	24.30	24.00	24.50	23.30	0.447 times
01 Mon Apr 2024	23.05	22.45	23.25	22.45	0.303 times
28 Thu Mar 2024	22.00	21.95	22.80	21.25	0.568 times

My analysis of stock is bearish for shortterm, and stock might move down till 21.1 or till 16.3. Use a stoploss of 25.16 and if the stock hits stoploss, then it can shoot up till 29.18

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	16.60
Downside Target	17.60
Downside Target	18.80
Downside Target	20.35
Downside Target	21.30
Downside Target	21.80
Downside Target	22.30
Downside Target	23.75
Upside Target	26.50
Upside Target	30.00
Upside Target	36.80

Intraday share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Intraday Target	22.87
Downside Intraday Target	21.93
Upside Intraday Target	25.62
Upside Intraday Target	27.43
Upside Intraday Target	24.68

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	23.80	26.50	26.50	23.75	0.371 times
05 Fri Apr 2024	27.90	22.45	30.00	22.45	3.524 times
28 Thu Mar 2024	22.00	20.35	22.80	20.35	0.047 times
14 Thu Dec 2023	32.05	22.15	36.80	21.80	6.754 times
08 Fri Dec 2023	21.80	19.20	22.85	18.95	8.892 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Energy Development (ENERGYDEV)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	23.80	22.45	30.00	22.45	4.832 times
28 Thu Mar 2024	22.00	20.35	22.80	20.35	0.04 times
14 Thu Dec 2023	32.05	18.80	36.80	18.80	6.034 times
30 Thu Nov 2023	19.00	18.00	21.30	17.60	1.062 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Energy Development (ENERGYDEV)

Price action analysis of Energy Development ( (ENERGYDEV) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Energy Development ( (ENERGYDEV) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Energy Development ( (ENERGYDEV) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Energy Development ( (ENERGYDEV) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Energy Development stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Energy Development in short term but the sell signal is initial and weak.

Energy Development Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Energy Development in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Energy Development is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 26.9 and Energy Development (ENERGYDEV) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Energy Development (ENERGYDEV) stock. Volume based technical analysis of Energy Development (ENERGYDEV) stock is negative.

Energy Development Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.