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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 2024-05-02 View latest technical analysis

10 day averaged volume of Thejo Engg is 21654

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	3096.30	3118.75	3219.85	3051.00	1.61 times
30 Tue Apr 2024	3072.65	3142.00	3198.00	3050.05	0.757 times
29 Mon Apr 2024	3142.00	3250.00	3250.00	3080.00	0.847 times
26 Fri Apr 2024	3192.05	3094.10	3214.95	3039.40	1.148 times
25 Thu Apr 2024	3063.45	2924.00	3093.80	2915.15	0.925 times
24 Wed Apr 2024	2892.80	3056.65	3085.55	2880.00	0.671 times
23 Tue Apr 2024	3011.50	3000.00	3090.00	2950.00	1.21 times
22 Mon Apr 2024	2993.35	2801.10	3050.00	2801.10	1.137 times
19 Fri Apr 2024	2849.05	2767.80	2889.00	2731.60	0.821 times
18 Thu Apr 2024	2767.80	2850.00	2979.80	2720.35	1.815 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3045.4, but if it comes below 3045.4, then a intra day sell could be more profitable.
If you take a sell trade below 3045.4, then use 3045.4 as stoploss and 2886.24 as target. However if you take a buy trade in stock , then use 3045.4 as stoploss and 3236.3 as target.

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	1779.95
Downside Target	2030.00
Downside Target	2099.00
Downside Target	2430.10
Downside Target	2601.25
Downside Target	2655.45
Downside Target	2768.75
Downside Target	2890.20
Downside Target	3050.05
Downside Target	3051.00
Upside Target	3214.95
Upside Target	3219.85
Upside Target	3250.00

Intraday share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Intraday Target	3014.23
Downside Intraday Target	2932.17
Upside Intraday Target	3214.18
Upside Intraday Target	3332.07
Upside Intraday Target	3132.12

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	3096.30	3250.00	3250.00	3050.05	0.631 times
26 Fri Apr 2024	3192.05	2801.10	3214.95	2801.10	1.291 times
19 Fri Apr 2024	2849.05	2818.15	2979.80	2655.45	1.484 times
12 Fri Apr 2024	2861.05	2698.00	2890.20	2601.25	0.321 times
05 Fri Apr 2024	2659.70	2488.00	2938.00	2430.10	6.639 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
02 Thu May 2024	3096.30	3118.75	3219.85	3051.00	0.075 times
30 Tue Apr 2024	3072.65	2488.00	3250.00	2430.10	1.438 times
28 Thu Mar 2024	2445.45	2735.00	2790.00	2030.00	0.544 times
29 Thu Feb 2024	2735.25	1956.35	2768.75	1779.95	5.415 times

Scroll below to view daily charts

Price has moved up 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 gaining momentum.

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

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 moving up

CCI has generated a buy signal for Thejo Engg in short term and BUY signal is strong.

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 2999.88 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.