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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 2024-06-10 View latest technical analysis

10 day averaged volume of Energy Development is 107018

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	22.13	22.90	22.94	22.00	1.101 times
07 Fri Jun 2024	22.60	22.40	22.65	22.00	1.027 times
06 Thu Jun 2024	21.60	21.75	21.95	21.30	0.72 times
05 Wed Jun 2024	20.95	21.05	21.95	20.30	1.161 times
04 Tue Jun 2024	21.25	22.70	22.70	21.25	1.534 times
03 Mon Jun 2024	22.35	21.95	22.35	21.55	1.403 times
31 Fri May 2024	21.30	22.35	22.35	21.20	1.355 times
30 Thu May 2024	22.00	22.15	22.85	21.80	1.009 times
29 Wed May 2024	22.65	23.30	23.30	22.60	0.435 times
28 Tue May 2024	22.75	23.10	23.70	22.55	0.684 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 21.8 as stoploss in an intra day buy trade for a target of 22.55. However, stock will show a bearish move below 21.8.

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
Upside Target	22.65
Upside Target	22.94
Upside Target	23.75
Upside Target	23.85
Upside Target	23.90
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	21.77
Downside Intraday Target	21.42
Upside Intraday Target	22.71
Upside Intraday Target	23.3
Upside Intraday Target	22.36

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	22.13	22.90	22.94	22.00	0.188 times
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

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
10 Mon Jun 2024	22.13	21.95	22.94	20.30	0.417 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 neutral. A longer time frame might give a better analysis.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.85 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.