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(ENERGYDEV) Energy Development complete technical analysis [charts+indicators] | Buy/Sell Energy Development | (ENERGYDEV) share price targets

Complete technical analysis of Energy Development (ENERGYDEV) by charts plus indicators, forecast predictions and share price targets for Energy Development (ENERGYDEV)

Energy Development trades in NSE in Electric Utilities sector.

Showing technical analysis as on 2023-12-12 View latest technical analysis

10 day averaged volume of Energy Development is 472904

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Dec 2023	31.35	29.15	31.35	28.50	12.111 times
11 Mon Dec 2023	26.15	22.15	26.15	21.80	4.689 times
08 Fri Dec 2023	21.80	21.95	22.85	21.65	1.565 times
07 Thu Dec 2023	21.65	20.65	22.50	20.05	2.044 times
06 Wed Dec 2023	20.05	19.30	20.40	19.05	0.853 times
05 Tue Dec 2023	19.15	19.15	19.45	19.00	0.214 times
04 Mon Dec 2023	19.15	19.20	19.40	18.95	0.098 times
01 Fri Dec 2023	19.05	18.80	19.35	18.80	0.103 times
30 Thu Nov 2023	19.00	19.30	19.30	18.75	0.11 times
29 Wed Nov 2023	19.15	19.25	19.45	19.05	0.114 times

Stock of Energy Development (ENERGYDEV) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 27.1, for a target of 23.6 or 20.66

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	15.60
Downside Target	16.60
Downside Target	17.30
Downside Target	18.20
Downside Target	18.75
Downside Target	19.45
Downside Target	20.95
Downside Target	21.80
Downside Target	22.30
Downside Target	22.85
Downside Target	23.75
Downside Target	31.35

Intraday share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Intraday Target	24.98
Downside Intraday Target	18.62
Upside Intraday Target	34.53
Upside Intraday Target	37.72
Downside Intraday Target	28.17

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Dec 2023	31.35	22.15	31.35	21.80	3.519 times
08 Fri Dec 2023	21.80	19.20	22.85	18.95	8.892 times
01 Fri Dec 2023	19.05	19.35	19.45	18.75	0.447 times
24 Fri Nov 2023	19.20	20.95	20.95	18.90	0.562 times
17 Fri Nov 2023	20.40	20.20	21.30	19.45	1.2 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Energy Development (ENERGYDEV)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Tue Dec 2023	31.35	18.80	31.35	18.80	3.524 times
30 Thu Nov 2023	19.00	18.00	21.30	17.60	1.062 times
31 Tue Oct 2023	17.70	20.00	22.30	16.60	0.357 times
29 Fri Sep 2023	20.10	17.45	23.75	17.30	4.157 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Energy Development (ENERGYDEV)

Price action analysis of Energy Development ( (ENERGYDEV) ) based on a short 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.

Price action analysis of Energy Development ( (ENERGYDEV) ) based on a short to mid 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.

Price action analysis of Energy Development ( (ENERGYDEV) ) 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 Energy Development stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Energy Development in short term and the buy signal is strong.

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

Energy Development Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Energy Development in short term and BUY signal is strong.

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

Stock of Energy Development is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 27.85 and Energy Development (ENERGYDEV) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Energy Development (ENERGYDEV) stock. Volume based technical analysis of Energy Development (ENERGYDEV) stock is negative.

Energy Development Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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