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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 2024-08-23 View latest technical analysis

10 day averaged volume of Thejo Engg is 23640

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	2797.80	2882.25	2882.25	2760.00	0.25 times
22 Thu Aug 2024	2853.70	2822.00	2890.00	2778.75	0.842 times
21 Wed Aug 2024	2797.40	2789.90	2850.00	2776.00	0.397 times
20 Tue Aug 2024	2799.45	2832.00	2833.00	2757.60	0.309 times
19 Mon Aug 2024	2780.10	2869.00	2869.00	2755.00	0.418 times
16 Fri Aug 2024	2872.10	2909.95	2909.95	2776.75	0.625 times
14 Wed Aug 2024	2838.65	2661.75	2930.00	2627.70	2.297 times
13 Tue Aug 2024	2661.75	2966.70	2966.70	2630.50	2.567 times
12 Mon Aug 2024	2897.20	2977.00	3022.00	2880.00	0.805 times
09 Fri Aug 2024	3054.35	2939.00	3137.00	2897.50	1.029 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 2797.1 as stoploss in an intra day buy trade for a target of 2931.08. However, stock will show a bearish move below 2797.1.

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	2211.15
Downside Target	2430.10
Downside Target	2610.00
Downside Target	2755.00
Upside Target	2865.00
Upside Target	2950.05
Upside Target	3137.00
Upside Target	3219.00
Upside Target	3219.85
Upside Target	3250.00
Upside Target	3268.40
Upside Target	3298.00
Upside Target	3707.90

Intraday share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Intraday Target	2738.53
Downside Intraday Target	2679.27
Upside Intraday Target	2873.53
Upside Intraday Target	2949.27
Upside Intraday Target	2814.27

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	2797.80	2869.00	2890.00	2755.00	0.352 times
16 Fri Aug 2024	2872.10	2977.00	3022.00	2627.70	1.576 times
09 Fri Aug 2024	3054.35	2890.30	3137.00	2865.00	0.994 times
02 Fri Aug 2024	3015.90	3199.00	3219.00	2950.05	1.083 times
26 Fri Jul 2024	3169.10	3087.95	3268.40	2986.60	0.665 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
23 Fri Aug 2024	2797.80	3175.00	3175.00	2627.70	0.392 times
31 Wed Jul 2024	3110.05	3279.00	3707.90	2986.60	1.465 times
28 Fri Jun 2024	3241.50	2663.50	3298.00	2211.15	1.778 times
31 Fri May 2024	2631.90	3118.75	3219.85	2610.00	0.706 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 and the sell signal is strong.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling is losing 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 2816.15 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.