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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 2024-04-04 View latest technical analysis

10 day averaged volume of Energy Development is 1644192

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	29.35	28.35	29.35	26.85	0.881 times
03 Wed Apr 2024	26.70	24.80	26.70	24.70	0.124 times
02 Tue Apr 2024	24.30	24.00	24.50	23.30	0.101 times
01 Mon Apr 2024	23.05	22.45	23.25	22.45	0.069 times
28 Thu Mar 2024	22.00	21.95	22.80	21.25	0.128 times
27 Wed Mar 2024	21.25	22.30	22.30	21.10	0.143 times
26 Tue Mar 2024	22.30	20.35	22.30	20.35	0.16 times
14 Thu Dec 2023	32.05	36.80	36.80	31.40	1.286 times
13 Wed Dec 2023	34.15	32.40	34.40	30.00	3.156 times
12 Tue Dec 2023	31.35	29.15	31.35	28.50	3.483 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 28.3, but if it comes below 28.3, then a intra day sell could be more profitable.
If you take a sell trade below 28.3, then use 28.3 as stoploss and 23.54 as target. However if you take a buy trade in stock , then use 28.3 as stoploss and 33.9 as target.

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	16.60
Downside Target	17.60
Downside Target	18.75
Downside Target	19.45
Downside Target	20.35
Downside Target	21.30
Downside Target	21.80
Downside Target	22.30
Downside Target	22.80
Downside Target	22.85
Downside Target	29.35
Upside Target	36.80

Intraday share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Intraday Target	24.75
Downside Intraday Target	20.15
Upside Intraday Target	31.65
Upside Intraday Target	33.95
Downside Intraday Target	27.05

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	29.35	22.45	29.35	22.45	2.724 times
28 Thu Mar 2024	22.00	20.35	22.80	20.35	0.047 times
14 Thu Dec 2023	32.05	22.15	36.80	21.80	6.754 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

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
04 Thu Apr 2024	29.35	22.45	29.35	22.45	2.724 times
28 Thu Mar 2024	22.00	20.35	22.80	20.35	0.04 times
14 Thu Dec 2023	32.05	18.80	36.80	18.80	6.034 times
30 Thu Nov 2023	19.00	18.00	21.30	17.60	1.062 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 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 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 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 weakening, and bulls are picking up momentum!

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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 31.56 and Energy Development (ENERGYDEV) stock is trading below this level. This means that stock is falling with high volumes. 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.