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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 2024-05-02 View latest technical analysis

10 day averaged volume of Energy Development is 206399

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	24.60	25.45	25.45	24.50	0.485 times
30 Tue Apr 2024	25.05	25.65	25.85	24.65	0.97 times
29 Mon Apr 2024	25.00	24.00	25.00	24.00	1.004 times
26 Fri Apr 2024	23.85	24.00	24.50	23.60	0.425 times
25 Thu Apr 2024	23.75	24.00	24.05	23.30	0.514 times
24 Wed Apr 2024	24.05	22.95	24.05	22.95	0.936 times
23 Tue Apr 2024	22.95	23.45	23.60	22.25	1.887 times
22 Mon Apr 2024	23.40	24.00	24.75	23.05	1.06 times
19 Fri Apr 2024	23.60	24.20	24.20	23.30	0.795 times
18 Thu Apr 2024	24.40	24.40	24.90	24.05	1.616 times

My analysis of stock is bearish for shortterm, and stock might move down till 23.1 or till 21.2. Use a stoploss of 24.76 and if the stock hits stoploss, then it can shoot up till 26.4

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	17.60
Downside Target	18.80
Downside Target	20.35
Downside Target	21.30
Downside Target	22.25
Downside Target	23.75
Downside Target	24.50
Upside Target	25.45
Upside Target	25.85
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	23.78
Downside Intraday Target	22.97
Upside Intraday Target	25.63
Upside Intraday Target	26.67
Upside Intraday Target	24.82

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	24.60	24.00	25.85	24.00	0.51 times
26 Fri Apr 2024	23.85	24.00	24.75	22.25	1.112 times
19 Fri Apr 2024	23.60	23.40	24.90	21.65	0.965 times
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

Price has moved up 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
02 Thu May 2024	24.60	25.45	25.45	24.50	0.017 times
30 Tue Apr 2024	25.05	22.45	30.00	21.65	8.071 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

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 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 short to mid 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Energy Development Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Energy Development in short term but SELL signal is weak.

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 23.99 and Energy Development (ENERGYDEV) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.