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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 2024-09-19 View latest technical analysis

10 day averaged volume of Thejo Engg is 11936

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	2645.45	2670.10	2670.30	2629.15	0.727 times
18 Wed Sep 2024	2670.35	2650.75	2705.95	2650.75	0.499 times
17 Tue Sep 2024	2650.70	2687.05	2749.95	2650.00	0.782 times
16 Mon Sep 2024	2687.00	2874.00	2874.00	2658.60	0.821 times
13 Fri Sep 2024	2766.25	2779.55	2790.00	2710.85	0.946 times
12 Thu Sep 2024	2738.45	2659.00	2792.95	2635.20	2.1 times
11 Wed Sep 2024	2650.35	2634.85	2670.15	2630.00	0.722 times
10 Tue Sep 2024	2630.50	2636.00	2670.00	2603.00	1.459 times
09 Mon Sep 2024	2597.10	2677.00	2677.00	2581.55	0.705 times
06 Fri Sep 2024	2692.10	2681.95	2710.00	2644.75	1.226 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 2634.8 as stoploss in an intra day buy trade for a target of 2682.09. However, stock will show a bearish move below 2634.8.

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	2211.15
Downside Target	2581.55
Upside Target	2750.00
Upside Target	2874.00
Upside Target	2890.00
Upside Target	2986.60
Upside Target	3175.00
Upside Target	3219.85
Upside Target	3298.00
Upside Target	3707.90

Intraday share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Intraday Target	2558.4
Downside Intraday Target	2471.35
Upside Intraday Target	2803.25
Upside Intraday Target	2961.05
Upside Intraday Target	2716.2

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	2645.45	2874.00	2874.00	2629.15	0.477 times
13 Fri Sep 2024	2766.25	2677.00	2792.95	2581.55	1.025 times
06 Fri Sep 2024	2692.10	2680.15	2750.00	2586.65	1.223 times
30 Fri Aug 2024	2640.55	2755.85	2818.55	2625.00	1.078 times
23 Fri Aug 2024	2797.80	2869.00	2890.00	2755.00	0.352 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
19 Thu Sep 2024	2645.45	2680.15	2874.00	2581.55	0.441 times
30 Fri Aug 2024	2640.55	3175.00	3175.00	2625.00	0.458 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

Scroll below to view daily charts

Price has moved up 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 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 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 mid to longer 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.

ADX buy sell signal for Thejo Engg stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Thejo Engg in short term but the buy signal is initial and weak.

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

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 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 2682.01 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.