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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 2024-12-20 View latest technical analysis

10 day averaged volume of Thejo Engg is 8200

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	2106.80	2123.55	2184.25	2100.00	0.463 times
19 Thu Dec 2024	2123.55	2146.40	2146.40	2100.05	0.311 times
18 Wed Dec 2024	2141.20	2158.25	2170.00	2135.00	0.317 times
17 Tue Dec 2024	2159.95	2166.00	2180.80	2150.00	0.152 times
16 Mon Dec 2024	2165.85	2189.40	2222.50	2157.20	0.304 times
13 Fri Dec 2024	2202.85	2212.75	2224.95	2151.05	0.391 times
12 Thu Dec 2024	2212.75	2201.35	2225.00	2185.60	0.383 times
11 Wed Dec 2024	2214.10	2205.00	2224.00	2177.15	0.577 times
10 Tue Dec 2024	2214.30	2238.50	2238.50	2185.05	0.865 times
09 Mon Dec 2024	2205.45	2205.00	2239.00	2179.20	1.571 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2117.9, but if it comes above 2117.9, then a intra day buy could be more profitable.
If you take a sell trade below 2117.9, then use 2117.9 as stoploss and 2063 as target. However if you take a buy trade in stock , then use 2117.9 as stoploss and 2163.66 as target.

Share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Target	1941.30
Downside Target	2050.00
Upside Target	2222.50
Upside Target	2269.95
Upside Target	2429.90
Upside Target	2581.55
Upside Target	2625.00
Upside Target	2661.30
Upside Target	2874.00
Upside Target	3175.00

Intraday share price targets for Thejo Engg (THEJO)

Target Type	Value
Downside Intraday Target	2063.7
Downside Intraday Target	2020.6
Upside Intraday Target	2186.2
Upside Intraday Target	2265.6
Upside Intraday Target	2143.1

Weekly technical analysis of Thejo Engg (THEJO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	2106.80	2189.40	2222.50	2100.00	0.408 times
13 Fri Dec 2024	2202.85	2205.00	2239.00	2151.05	0.453 times
06 Fri Dec 2024	2258.90	2150.00	2269.95	2071.00	1.295 times
29 Fri Nov 2024	2172.65	2099.05	2225.00	2050.00	1.442 times
22 Fri Nov 2024	2079.60	2003.25	2123.00	1941.30	0.626 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
20 Fri Dec 2024	2106.80	2150.00	2269.95	2071.00	0.672 times
29 Fri Nov 2024	2172.65	2300.05	2429.90	1941.30	0.828 times
31 Thu Oct 2024	2292.20	2590.00	2661.30	2113.25	0.797 times
30 Mon Sep 2024	2599.55	2680.15	2874.00	2581.55	0.644 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 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 SELL. Signal strength is Weak 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 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 buy signal for Thejo Engg in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 2187.46 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.