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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 2024-06-05 View latest technical analysis

10 day averaged volume of Thejo Engg is 19054

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	2443.40	2396.05	2515.80	2297.35	0.639 times
04 Tue Jun 2024	2396.05	2630.05	2637.80	2211.15	1.354 times
03 Mon Jun 2024	2612.20	2663.50	2743.00	2569.35	1.058 times
31 Fri May 2024	2631.90	2668.90	2684.30	2610.00	0.225 times
30 Thu May 2024	2663.95	2706.50	2720.65	2625.80	0.657 times
29 Wed May 2024	2679.70	2724.50	2759.15	2651.10	0.584 times
28 Tue May 2024	2724.50	2820.05	2845.45	2662.60	3.343 times
27 Mon May 2024	2811.20	2802.00	2887.00	2736.15	1.069 times
24 Fri May 2024	2797.70	2775.80	2879.90	2772.00	0.543 times
23 Thu May 2024	2764.75	2842.60	2856.00	2740.20	0.697 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2445.4, for a target of 2612 or 2750.75

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	1779.95
Downside Target	2030.00
Downside Target	2211.15
Downside Target	2430.10
Upside Target	2610.00
Upside Target	2713.25
Upside Target	2790.00
Upside Target	2887.00
Upside Target	2914.90
Upside Target	3025.00
Upside Target	3119.90
Upside Target	3219.85
Upside Target	3250.00

Intraday share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Intraday Target	2188.7
Downside Intraday Target	1934
Upside Intraday Target	2720.55
Upside Intraday Target	2997.7
Upside Intraday Target	2465.85

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	2443.40	2663.50	2743.00	2211.15	0.519 times
31 Fri May 2024	2631.90	2802.00	2887.00	2610.00	2.068 times
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

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
05 Wed Jun 2024	2443.40	2663.50	2743.00	2211.15	0.176 times
31 Fri May 2024	2631.90	3118.75	3219.85	2610.00	0.706 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

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 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 losing momentum.

MACD generated a SELL signal for Thejo Engg in short term and the sell signal is strong.

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 2658.67 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.