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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 2024-05-18 View latest technical analysis

10 day averaged volume of Thejo Engg is 10496

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	2809.40	2859.10	2860.00	2713.25	0.212 times
17 Fri May 2024	2817.00	2850.80	2872.00	2790.95	0.586 times
16 Thu May 2024	2839.65	2880.00	2901.30	2814.60	0.714 times
15 Wed May 2024	2862.00	2935.10	2973.95	2850.10	0.836 times
14 Tue May 2024	2932.85	2920.00	3025.00	2888.70	1.58 times
13 Mon May 2024	2910.85	2822.20	2949.00	2758.65	1.658 times
10 Fri May 2024	2822.20	2800.00	2894.20	2783.50	0.612 times
09 Thu May 2024	2814.45	2900.00	2929.85	2775.00	0.837 times
08 Wed May 2024	2893.45	2900.00	2981.85	2868.05	0.702 times
07 Tue May 2024	2924.00	2970.05	2991.95	2842.00	1.374 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2840.3, but if it comes above 2840.3, then a intra day buy could be more profitable.
If you take a sell trade below 2840.3, then use 2840.3 as stoploss and 2703.5 as target. However if you take a buy trade in stock , then use 2840.3 as stoploss and 2954.27 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	2655.45
Downside Target	2713.25
Downside Target	2768.75
Upside Target	2979.80
Upside Target	3025.00
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	2673.43
Downside Intraday Target	2537.47
Upside Intraday Target	2985.18
Upside Intraday Target	3160.97
Upside Intraday Target	2849.22

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	2809.40	2822.20	3025.00	2713.25	1.207 times
10 Fri May 2024	2822.20	3115.00	3119.90	2775.00	0.531 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

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
18 Sat May 2024	2809.40	3118.75	3219.85	2713.25	0.351 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 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 to mid 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 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 Strong 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 weakening, and bulls 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 2882.04 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 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.