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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 2024-02-12 View latest technical analysis

10 day averaged volume of Thejo Engg is 6583

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	1804.60	1900.00	1900.00	1798.00	0.534 times
09 Fri Feb 2024	1861.10	1909.90	1909.90	1838.10	0.25 times
08 Thu Feb 2024	1897.40	1909.95	1927.80	1884.75	0.39 times
07 Wed Feb 2024	1899.00	1939.90	1939.90	1884.95	0.321 times
06 Tue Feb 2024	1911.25	1904.00	1929.00	1901.15	0.254 times
05 Mon Feb 2024	1896.55	1993.00	1993.00	1873.10	0.735 times
02 Fri Feb 2024	1946.00	1947.10	2025.00	1925.00	0.818 times
01 Thu Feb 2024	1939.90	1956.35	1956.60	1915.00	0.35 times
31 Wed Jan 2024	1934.15	1829.00	2099.00	1829.00	5.863 times
30 Tue Jan 2024	1814.05	1825.00	1854.50	1810.00	0.46 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1824.8, but if it comes above 1824.8, then a intra day buy could be more profitable.
If you take a sell trade below 1824.8, then use 1824.8 as stoploss and 1773 as target. However if you take a buy trade in stock , then use 1824.8 as stoploss and 1867.91 as target.

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	1645.00
Downside Target	1715.00
Downside Target	1780.00
Upside Target	1900.00
Upside Target	1922.90
Upside Target	1993.00
Upside Target	1998.00
Upside Target	2025.00
Upside Target	2099.00
Upside Target	2250.00
Upside Target	2293.90

Intraday share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Intraday Target	1768.4
Downside Intraday Target	1732.2
Upside Intraday Target	1870.4
Upside Intraday Target	1936.2
Upside Intraday Target	1834.2

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	1804.60	1900.00	1900.00	1798.00	0.274 times
09 Fri Feb 2024	1861.10	1993.00	1993.00	1838.10	0.242 times
02 Fri Feb 2024	1946.00	1870.00	2099.00	1810.00	3.862 times
25 Thu Jan 2024	1857.40	1904.70	1922.90	1783.35	0.624 times
19 Fri Jan 2024	1894.00	1890.00	1918.95	1782.60	1.918 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
12 Mon Feb 2024	1804.60	1956.35	2025.00	1798.00	0.218 times
31 Wed Jan 2024	1934.15	1845.45	2099.00	1782.60	0.678 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

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 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 Thejo Engg ( (THEJO) ) based on a short to mid 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 Thejo Engg ( (THEJO) ) based on a mid to longer 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.

ADX buy sell signal for Thejo Engg stock for short term is BUY. Signal strength is Weak 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 coming down

CCI has generated a SELL signal for Thejo Engg 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 Thejo Engg is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1915.1 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.