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(THEJO) Thejo Engg complete technical analysis [charts+indicators] | Buy/Sell Thejo Engg | (THEJO) share price targets

Complete technical analysis of Thejo Engg (THEJO) by charts plus indicators, forecast predictions and share price targets for Thejo Engg (THEJO)

Showing technical analysis as on 2024-01-24 View latest technical analysis

10 day averaged volume of Thejo Engg is 3704

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1812.65	1828.00	1858.60	1800.05	0.56 times
23 Tue Jan 2024	1810.60	1861.70	1869.50	1783.35	1.528 times
22 Mon Jan 2024	1852.65	1904.70	1922.90	1838.95	1.041 times
19 Fri Jan 2024	1894.00	1850.05	1918.95	1850.05	2.032 times
18 Thu Jan 2024	1843.70	1850.10	1867.95	1782.60	1.371 times
17 Wed Jan 2024	1847.25	1853.00	1909.00	1825.60	1.268 times
16 Tue Jan 2024	1847.70	1854.00	1873.20	1825.00	0.602 times
15 Mon Jan 2024	1853.45	1890.00	1900.00	1845.00	0.67 times
12 Fri Jan 2024	1847.00	1909.10	1909.80	1803.60	0.453 times
11 Thu Jan 2024	1895.00	1925.00	1928.90	1888.10	0.448 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 1801.6, for a target of 1837.8 or 1867.93

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	508.00
Downside Target	533.00
Downside Target	1645.00
Downside Target	1715.00
Downside Target	1780.00
Upside Target	1899.90
Upside Target	1922.90
Upside Target	1927.45
Upside Target	1948.00
Upside Target	1998.00
Upside Target	2250.00
Upside Target	2293.90

Intraday share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Intraday Target	1756.37
Downside Intraday Target	1700.08
Upside Intraday Target	1895.92
Upside Intraday Target	1979.18
Upside Intraday Target	1839.63

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1812.65	1904.70	1922.90	1783.35	0.527 times
19 Fri Jan 2024	1894.00	1890.00	1918.95	1782.60	1.918 times
12 Fri Jan 2024	1847.00	1921.00	1948.00	1803.60	0.645 times
05 Fri Jan 2024	1912.35	1845.45	1927.45	1825.15	1.144 times
29 Fri Dec 2023	1845.45	1889.00	1899.90	1830.00	0.606 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 Thejo Engg (THEJO)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1812.65	1845.45	1948.00	1782.60	0.387 times
29 Fri Dec 2023	1845.45	1924.00	2250.00	1780.00	0.51 times
30 Thu Nov 2023	1909.00	1819.45	2293.90	1715.00	2.482 times
31 Tue Oct 2023	1817.45	1699.95	1998.00	1645.00	53.531 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 Thejo Engg (THEJO)

Price action analysis of Thejo Engg ( (THEJO) ) based on a short 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 Thejo Engg ( (THEJO) ) based on a short 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 Thejo Engg ( (THEJO) ) 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 Thejo Engg ( (THEJO) ) based on a mid to longer 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.

ADX buy sell signal for Thejo Engg stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Thejo Engg in short term but the sell signal is initial and weak.

Thejo Engg 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 moving up

CCI has generated a buy signal for Thejo Engg in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Thejo Engg is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1851.87 and Thejo Engg (THEJO) 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 Thejo Engg (THEJO) stock. Volume based technical analysis of Thejo Engg (THEJO) stock is negative.

Thejo Engg 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.