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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 2024-03-04 View latest technical analysis

10 day averaged volume of Thejo Engg is 42618

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	2649.20	2750.00	2750.00	2615.15	0.264 times
02 Sat Mar 2024	2727.30	2701.00	2775.00	2685.00	0.082 times
01 Fri Mar 2024	2740.00	2735.00	2790.00	2667.60	0.483 times
29 Thu Feb 2024	2735.25	2608.00	2768.75	2540.00	1.382 times
28 Wed Feb 2024	2619.00	2589.90	2680.00	2428.15	1.679 times
27 Tue Feb 2024	2504.95	2295.80	2575.00	2248.40	2.286 times
26 Mon Feb 2024	2261.85	2322.20	2392.75	2228.80	0.687 times
23 Fri Feb 2024	2290.65	2147.00	2339.65	2070.00	2.541 times
22 Thu Feb 2024	2123.85	2069.05	2150.00	2009.65	0.416 times
21 Wed Feb 2024	2067.95	2105.15	2141.90	2040.50	0.26 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2544.4, but if it comes below 2544.4, then a intra day sell could be more profitable.
If you take a sell trade below 2544.4, then use 2544.4 as stoploss and 2232.38 as target. However if you take a buy trade in stock , then use 2544.4 as stoploss and 2918.9 as target.

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	1715.00
Downside Target	1779.95
Downside Target	1838.10
Downside Target	1993.00
Downside Target	2099.00
Downside Target	2228.80
Downside Target	2339.65
Downside Target	2615.15
Upside Target	2750.00
Upside Target	2768.75
Upside Target	2790.00

Intraday share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Intraday Target	2592.9
Downside Intraday Target	2536.6
Upside Intraday Target	2727.75
Upside Intraday Target	2806.3
Upside Intraday Target	2671.45

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	2649.20	2750.00	2750.00	2615.15	0.04 times
02 Sat Mar 2024	2727.30	2322.20	2790.00	2228.80	1.824 times
23 Fri Feb 2024	2290.65	2160.00	2339.65	2009.65	0.932 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

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
04 Mon Mar 2024	2649.20	2735.00	2790.00	2615.15	0.059 times
29 Thu Feb 2024	2735.25	1956.35	2768.75	1779.95	5.415 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

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 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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above 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 2474.8 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.