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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 2024-07-03 View latest technical analysis

10 day averaged volume of Energy Development is 118014

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	23.44	23.90	24.23	23.11	0.851 times
02 Tue Jul 2024	23.76	23.79	24.27	23.45	0.659 times
01 Mon Jul 2024	23.63	24.05	24.49	23.54	1.234 times
28 Fri Jun 2024	23.66	23.25	23.89	22.93	2.216 times
27 Thu Jun 2024	22.86	22.99	23.19	22.57	0.595 times
26 Wed Jun 2024	22.67	23.00	23.45	22.51	0.712 times
25 Tue Jun 2024	22.97	23.44	23.44	22.90	0.66 times
24 Mon Jun 2024	23.04	23.29	23.29	22.71	1.172 times
21 Fri Jun 2024	22.87	22.60	23.00	22.32	0.768 times
20 Thu Jun 2024	22.78	22.54	23.55	22.40	0.987 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 23.4, but if it comes below 23.4, then a intra day sell could be more profitable.
If you take a sell trade below 23.4, then use 23.4 as stoploss and 22.77 as target. However if you take a buy trade in stock , then use 23.4 as stoploss and 24.2 as target.

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	20.30
Downside Target	21.20
Downside Target	21.65
Upside Target	23.55
Upside Target	23.74
Upside Target	23.89
Upside Target	24.49
Upside Target	25.45
Upside Target	30.00

Intraday share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Intraday Target	22.87
Downside Intraday Target	22.3
Upside Intraday Target	24.25
Upside Intraday Target	25.06
Upside Intraday Target	23.68

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	23.44	24.05	24.49	23.11	0.512 times
28 Fri Jun 2024	23.66	23.29	23.89	22.51	1.556 times
21 Fri Jun 2024	22.87	22.85	23.55	22.21	0.675 times
14 Fri Jun 2024	22.76	22.90	23.74	22.00	0.962 times
07 Fri Jun 2024	22.60	21.95	22.70	20.30	1.407 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 Energy Development (ENERGYDEV)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	23.44	24.05	24.49	23.11	0.143 times
28 Fri Jun 2024	23.66	21.95	23.89	20.30	1.269 times
31 Fri May 2024	21.30	25.45	25.45	21.20	0.312 times
30 Tue Apr 2024	25.05	22.45	30.00	21.65	8.071 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 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 neutral. A longer time frame might give a better analysis.

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 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Energy Development in short term but SELL 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 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 23.25 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.