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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 2024-04-18 View latest technical analysis

10 day averaged volume of Energy Development is 371345

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	24.40	24.40	24.90	24.05	0.898 times
16 Tue Apr 2024	23.75	21.65	23.75	21.65	0.441 times
15 Mon Apr 2024	22.65	23.40	23.40	22.65	0.631 times
12 Fri Apr 2024	23.80	24.40	25.20	23.75	0.427 times
10 Wed Apr 2024	24.45	24.50	26.25	24.10	1.67 times
09 Tue Apr 2024	25.20	25.20	25.20	25.20	0.224 times
08 Mon Apr 2024	26.50	26.50	26.50	26.50	0.177 times
05 Fri Apr 2024	27.90	30.00	30.00	27.90	1.528 times
04 Thu Apr 2024	29.35	28.35	29.35	26.85	3.903 times
03 Wed Apr 2024	26.70	24.80	26.70	24.70	0.551 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.1 or till 17.8. Use a stoploss of 25.66 and if the stock hits stoploss, then it can shoot up till 29.22

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	16.60
Downside Target	17.60
Downside Target	18.80
Downside Target	20.35
Downside Target	21.30
Downside Target	22.30
Downside Target	23.75
Upside Target	24.90
Upside Target	26.50
Upside Target	30.00
Upside Target	36.80

Intraday share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Intraday Target	22.4
Downside Intraday Target	20.4
Upside Intraday Target	25.65
Upside Intraday Target	26.9
Downside Intraday Target	23.65

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	24.40	23.40	24.90	21.65	0.789 times
12 Fri Apr 2024	23.80	26.50	26.50	23.75	0.371 times
05 Fri Apr 2024	27.90	22.45	30.00	22.45	3.524 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

Price has moved up 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 Energy Development (ENERGYDEV)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	24.40	22.45	30.00	21.65	5.863 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Energy Development ( (ENERGYDEV) ) 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Energy Development in short term but the sell signal is initial and weak.

Energy Development Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Energy Development in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 26.78 and Energy Development (ENERGYDEV) 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 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.