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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 2024-06-07 View latest technical analysis

10 day averaged volume of Energy Development is 104468

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	22.60	22.40	22.65	22.00	1.052 times
06 Thu Jun 2024	21.60	21.75	21.95	21.30	0.738 times
05 Wed Jun 2024	20.95	21.05	21.95	20.30	1.19 times
04 Tue Jun 2024	21.25	22.70	22.70	21.25	1.571 times
03 Mon Jun 2024	22.35	21.95	22.35	21.55	1.437 times
31 Fri May 2024	21.30	22.35	22.35	21.20	1.388 times
30 Thu May 2024	22.00	22.15	22.85	21.80	1.033 times
29 Wed May 2024	22.65	23.30	23.30	22.60	0.446 times
28 Tue May 2024	22.75	23.10	23.70	22.55	0.701 times
27 Mon May 2024	23.10	23.40	23.75	23.00	0.689 times

My analysis of stock is bearish for shortterm, and stock might move down till 21.9 or till 20.9. Use a stoploss of 22.61 and if the stock hits stoploss, then it can shoot up till 23.37

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	18.80
Downside Target	20.30
Downside Target	21.20
Downside Target	21.65
Downside Target	22.60
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	21.03
Downside Intraday Target	19.47
Upside Intraday Target	23.43
Upside Intraday Target	24.27
Downside Intraday Target	21.87

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	22.60	21.95	22.70	20.30	1.407 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 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
07 Fri Jun 2024	22.60	21.95	22.70	20.30	0.351 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 up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

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

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

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Energy Development in short term and BUY 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 21.9 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 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.