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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 2024-08-07 View latest technical analysis

10 day averaged volume of Energy Development is 533375

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	29.56	29.70	30.84	28.37	0.752 times
06 Tue Aug 2024	29.68	31.61	32.64	29.66	1.243 times
05 Mon Aug 2024	31.23	30.94	32.45	29.39	3.6 times
02 Fri Aug 2024	30.94	29.82	30.94	28.35	1.28 times
01 Thu Aug 2024	29.47	29.09	29.47	28.71	0.528 times
31 Wed Jul 2024	28.07	28.07	28.07	26.74	0.985 times
30 Tue Jul 2024	26.74	25.65	26.74	25.65	0.57 times
29 Mon Jul 2024	25.47	27.79	27.79	25.25	0.495 times
26 Fri Jul 2024	26.53	28.00	28.20	26.10	0.757 times
25 Thu Jul 2024	27.18	27.18	27.18	26.51	0.409 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29, but if it comes below 29, then a intra day sell could be more profitable.
If you take a sell trade below 29, then use 29 as stoploss and 26.85 as target. However if you take a buy trade in stock , then use 29 as stoploss and 31.7 as target.

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	20.30
Downside Target	21.20
Downside Target	21.65
Downside Target	23.05
Downside Target	23.89
Downside Target	25.25
Downside Target	26.19
Downside Target	27.89
Downside Target	28.35
Downside Target	28.37
Upside Target	30.00
Upside Target	30.94
Upside Target	32.64

Intraday share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Intraday Target	27.74
Downside Intraday Target	25.92
Upside Intraday Target	32.01
Upside Intraday Target	34.46
Upside Intraday Target	30.19

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	29.56	30.94	32.64	28.37	1.451 times
02 Fri Aug 2024	30.94	27.79	30.94	25.25	2.103 times
26 Fri Jul 2024	26.53	24.21	28.20	23.18	1.413 times
19 Fri Jul 2024	24.21	25.09	26.19	23.99	0.294 times
12 Fri Jul 2024	24.91	23.99	27.89	23.94	3.939 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
07 Wed Aug 2024	29.56	29.09	32.64	28.35	0.691 times
31 Wed Jul 2024	28.07	24.05	28.20	23.05	2.522 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

Scroll below to view daily charts

Price has moved up 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 29.51 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.