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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 2024-05-09 View latest technical analysis

10 day averaged volume of Thejo Engg is 18420

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	2814.45	2900.00	2929.85	2775.00	0.477 times
08 Wed May 2024	2893.45	2900.00	2981.85	2868.05	0.4 times
07 Tue May 2024	2924.00	2970.05	2991.95	2842.00	0.783 times
06 Mon May 2024	2951.80	3115.00	3119.90	2932.00	0.628 times
03 Fri May 2024	3043.60	3125.00	3188.80	3003.55	1.185 times
02 Thu May 2024	3096.30	3118.75	3219.85	3051.00	1.892 times
30 Tue Apr 2024	3072.65	3142.00	3198.00	3050.05	0.89 times
29 Mon Apr 2024	3142.00	3250.00	3250.00	3080.00	0.996 times
26 Fri Apr 2024	3192.05	3094.10	3214.95	3039.40	1.35 times
25 Thu Apr 2024	3063.45	2924.00	3093.80	2915.15	1.088 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2811.5 as stoploss in an intra day buy trade for a target of 2938.84. However, stock will show a bearish move below 2811.5.

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
Upside Target	2890.20
Upside Target	2979.80
Upside Target	3119.90
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	2686.33
Downside Intraday Target	2558.22
Upside Intraday Target	3031.23
Upside Intraday Target	3248.02
Upside Intraday Target	2903.12

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	2814.45	3115.00	3119.90	2775.00	0.461 times
03 Fri May 2024	3043.60	3250.00	3250.00	3003.55	0.829 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

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
09 Thu May 2024	2814.45	3118.75	3219.85	2775.00	0.211 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 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 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 SELL. Signal strength is Weak and stock is gaining 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 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 and SELL 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 3056.5 and Thejo Engg (THEJO) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.