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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 2024-05-24 View latest technical analysis

10 day averaged volume of Thejo Engg is 10886

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	2797.70	2775.80	2879.90	2772.00	0.951 times
23 Thu May 2024	2764.75	2842.60	2856.00	2740.20	1.22 times
22 Wed May 2024	2848.00	2844.55	2914.90	2820.25	0.822 times
21 Tue May 2024	2833.25	2809.40	2914.00	2775.00	1.983 times
18 Sat May 2024	2809.40	2859.10	2860.00	2713.25	0.204 times
17 Fri May 2024	2817.00	2850.80	2872.00	2790.95	0.565 times
16 Thu May 2024	2839.65	2880.00	2901.30	2814.60	0.688 times
15 Wed May 2024	2862.00	2935.10	2973.95	2850.10	0.806 times
14 Tue May 2024	2932.85	2920.00	3025.00	2888.70	1.523 times
13 Mon May 2024	2910.85	2822.20	2949.00	2758.65	1.599 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 2795.9 as stoploss in an intra day buy trade for a target of 2918.4. However, stock will show a bearish move below 2795.9.

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	2713.25
Upside Target	2914.90
Upside Target	3003.55
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	2720.3
Downside Intraday Target	2642.9
Upside Intraday Target	2895
Upside Intraday Target	2992.3
Upside Intraday Target	2817.6

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	2797.70	2809.40	2914.90	2740.20	0.924 times
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

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
24 Fri May 2024	2797.70	3118.75	3219.85	2713.25	0.467 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 Weak and stock is losing 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 moving up

CCI has generated a buy signal for Thejo Engg in short term but BUY 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

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 2851.02 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.