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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 2024-06-04 View latest technical analysis

10 day averaged volume of Energy Development is 96677

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	21.25	22.70	22.70	21.25	1.698 times
03 Mon Jun 2024	22.35	21.95	22.35	21.55	1.553 times
31 Fri May 2024	21.30	22.35	22.35	21.20	1.499 times
30 Thu May 2024	22.00	22.15	22.85	21.80	1.117 times
29 Wed May 2024	22.65	23.30	23.30	22.60	0.481 times
28 Tue May 2024	22.75	23.10	23.70	22.55	0.757 times
27 Mon May 2024	23.10	23.40	23.75	23.00	0.745 times
24 Fri May 2024	23.00	23.15	23.40	22.90	0.873 times
23 Thu May 2024	22.85	22.95	23.85	22.80	1.485 times
22 Wed May 2024	22.95	23.15	23.45	22.65	0.749 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 21.4, for a target of 22.2 or 22.84

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	18.80
Downside Target	20.35
Downside Target	21.20
Upside Target	22.60
Upside Target	22.80
Upside Target	23.75
Upside Target	23.85
Upside Target	23.90
Upside Target	24.70
Upside Target	25.45
Upside Target	30.00
Upside Target	36.80

Intraday share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Intraday Target	20.77
Downside Intraday Target	20.28
Upside Intraday Target	22.22
Upside Intraday Target	23.18
Upside Intraday Target	21.73

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	21.25	21.95	22.70	21.25	0.707 times
31 Fri May 2024	21.30	23.40	23.75	21.20	1.195 times
24 Fri May 2024	23.00	23.00	23.85	22.65	1.267 times
18 Sat May 2024	23.25	23.05	23.90	22.65	0.6 times
10 Fri May 2024	23.25	24.35	24.70	22.60	0.825 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
04 Tue Jun 2024	21.25	21.95	22.70	21.25	0.176 times
31 Fri May 2024	21.30	25.45	25.45	21.20	0.312 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

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 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 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 Strong and stock is losing momentum.

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

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 but buying is losing 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 22.25 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.