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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 2024-02-16 View latest technical analysis

10 day averaged volume of Thejo Engg is 16040

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	2141.15	2264.85	2275.00	2121.25	1.449 times
15 Thu Feb 2024	2207.05	2088.00	2299.00	2040.00	5.182 times
14 Wed Feb 2024	2018.65	1943.00	2055.85	1903.25	2.791 times
13 Tue Feb 2024	1883.85	1822.50	1950.00	1779.95	0.673 times
12 Mon Feb 2024	1804.60	1900.00	1900.00	1798.00	0.219 times
09 Fri Feb 2024	1861.10	1909.90	1909.90	1838.10	0.103 times
08 Thu Feb 2024	1897.40	1909.95	1927.80	1884.75	0.16 times
07 Wed Feb 2024	1899.00	1939.90	1939.90	1884.95	0.132 times
06 Tue Feb 2024	1911.25	1904.00	1929.00	1901.15	0.104 times
05 Mon Feb 2024	1896.55	1993.00	1993.00	1873.10	0.301 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2137, for a target of 2013.7 or 1910.84

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	1645.00
Downside Target	1715.00
Downside Target	1779.95
Downside Target	1918.95
Downside Target	1993.00
Downside Target	1998.00
Downside Target	2099.00
Upside Target	2250.00
Upside Target	2293.90
Upside Target	2299.00

Intraday share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Intraday Target	1847.73
Downside Intraday Target	1554.32
Upside Intraday Target	2366.78
Upside Intraday Target	2592.42
Downside Intraday Target	2073.37

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	2141.15	1900.00	2299.00	1779.95	12.892 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Thejo Engg (THEJO)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	2141.15	1956.35	2299.00	1779.95	1.686 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 up this month, and volume has increased substantially. This means that the move can 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

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

MACD generated a BUY signal for Thejo Engg in short term and the buy signal is strong.

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

Thejo Engg Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Thejo Engg in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY 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 2101.14 and Thejo Engg (THEJO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.