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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 2024-02-21 View latest technical analysis

10 day averaged volume of Thejo Engg is 18889

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	2067.95	2105.15	2141.90	2040.50	0.586 times
20 Tue Feb 2024	2105.15	2100.00	2160.00	2020.20	0.417 times
19 Mon Feb 2024	2109.65	2160.00	2212.75	2081.05	0.49 times
16 Fri Feb 2024	2141.15	2264.85	2275.00	2121.25	1.231 times
15 Thu Feb 2024	2207.05	2088.00	2299.00	2040.00	4.4 times
14 Wed Feb 2024	2018.65	1943.00	2055.85	1903.25	2.37 times
13 Tue Feb 2024	1883.85	1822.50	1950.00	1779.95	0.572 times
12 Mon Feb 2024	1804.60	1900.00	1900.00	1798.00	0.186 times
09 Fri Feb 2024	1861.10	1909.90	1909.90	1838.10	0.087 times
08 Thu Feb 2024	1897.40	1909.95	1927.80	1884.75	0.136 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2064, but if it comes below 2064, then a intra day sell could be more profitable.
If you take a sell trade below 2064, then use 2064 as stoploss and 1947.12 as target. However if you take a buy trade in stock , then use 2064 as stoploss and 2204.3 as target.

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	1645.00
Downside Target	1715.00
Downside Target	1779.95
Downside Target	1922.90
Downside Target	1993.00
Upside Target	2099.00
Upside Target	2212.75
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	1987.85
Downside Intraday Target	1907.75
Upside Intraday Target	2180.4
Upside Intraday Target	2292.85
Upside Intraday Target	2100.3

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	2067.95	2160.00	2212.75	2020.20	0.17 times
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

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
21 Wed Feb 2024	2067.95	1956.35	2299.00	1779.95	1.941 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 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 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 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 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.

Thejo Engg 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 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 2108.6 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 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.