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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 2024-05-09 View latest technical analysis

10 day averaged volume of Energy Development is 137984

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	23.00	23.50	23.85	22.60	0.341 times
08 Wed May 2024	23.50	22.85	23.70	22.60	0.548 times
07 Tue May 2024	22.90	23.25	24.70	22.60	1.747 times
06 Mon May 2024	23.75	24.35	24.40	23.70	0.603 times
03 Fri May 2024	24.15	24.35	24.80	24.05	0.617 times
02 Thu May 2024	24.60	25.45	25.45	24.50	0.726 times
30 Tue Apr 2024	25.05	25.65	25.85	24.65	1.452 times
29 Mon Apr 2024	25.00	24.00	25.00	24.00	1.501 times
26 Fri Apr 2024	23.85	24.00	24.50	23.60	0.636 times
25 Thu Apr 2024	23.75	24.00	24.05	23.30	0.769 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.2, but if it comes above 23.2, then a intra day buy could be more profitable.
If you take a sell trade below 23.2, then use 23.2 as stoploss and 22.3 as target. However if you take a buy trade in stock , then use 23.2 as stoploss and 23.89 as target.

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
Upside Target	23.75
Upside Target	24.70
Upside Target	24.90
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	22.17
Downside Intraday Target	21.33
Upside Intraday Target	24.27
Upside Intraday Target	25.53
Upside Intraday Target	23.43

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	23.00	24.35	24.70	22.60	0.754 times
03 Fri May 2024	24.15	24.00	25.85	24.00	0.595 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

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
09 Thu May 2024	23.00	25.45	25.45	22.60	0.11 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 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 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 24.06 and Energy Development (ENERGYDEV) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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