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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 2024-06-07 View latest technical analysis

10 day averaged volume of Thejo Engg is 19196

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	2628.40	2583.90	2699.95	2566.05	0.578 times
06 Thu Jun 2024	2579.50	2500.00	2633.90	2462.30	0.597 times
05 Wed Jun 2024	2443.40	2396.05	2515.80	2297.35	0.635 times
04 Tue Jun 2024	2396.05	2630.05	2637.80	2211.15	1.344 times
03 Mon Jun 2024	2612.20	2663.50	2743.00	2569.35	1.05 times
31 Fri May 2024	2631.90	2668.90	2684.30	2610.00	0.224 times
30 Thu May 2024	2663.95	2706.50	2720.65	2625.80	0.653 times
29 Wed May 2024	2679.70	2724.50	2759.15	2651.10	0.58 times
28 Tue May 2024	2724.50	2820.05	2845.45	2662.60	3.318 times
27 Mon May 2024	2811.20	2802.00	2887.00	2736.15	1.061 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 2585.9 as stoploss in an intra day buy trade for a target of 2729.31. However, stock will show a bearish move below 2585.9.

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
Downside 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	2312.03
Downside Intraday Target	1995.67
Upside Intraday Target	2843.88
Upside Intraday Target	3059.37
Downside Intraday Target	2527.52

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	2628.40	2663.50	2743.00	2211.15	0.72 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
07 Fri Jun 2024	2628.40	2663.50	2743.00	2211.15	0.245 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Thejo Engg Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 2637.44 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.