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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 2024-10-23 View latest technical analysis

10 day averaged volume of Energy Development is 49187

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	21.09	21.31	21.59	20.42	1.43 times
22 Tue Oct 2024	21.32	22.84	22.84	21.32	1.365 times
21 Mon Oct 2024	22.45	23.30	23.88	22.30	0.85 times
18 Fri Oct 2024	23.28	23.30	24.60	23.06	1.209 times
17 Thu Oct 2024	23.57	24.00	24.45	23.45	0.822 times
16 Wed Oct 2024	23.99	24.69	24.69	23.50	0.644 times
15 Tue Oct 2024	24.28	24.40	24.87	24.00	1.075 times
14 Mon Oct 2024	24.02	24.65	24.65	23.76	0.834 times
11 Fri Oct 2024	24.07	24.24	25.20	23.90	1.046 times
10 Thu Oct 2024	24.23	24.70	25.00	23.76	1.088 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.5, but if it comes above 22.5, then a intra day buy could be more profitable.
If you take a sell trade below 22.5, then use 22.5 as stoploss and 18.9 as target. However if you take a buy trade in stock , then use 22.5 as stoploss and 25.6 as target.

Share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Target	20.30
Upside Target	21.20
Upside Target	22.20
Upside Target	23.05
Upside Target	23.88
Upside Target	24.87
Upside Target	25.45
Upside Target	28.20
Upside Target	28.35
Upside Target	28.37
Upside Target	30.94
Upside Target	32.64

Intraday share price targets for Energy Development (ENERGYDEV)

Target Type	Value
Downside Intraday Target	19.71
Downside Intraday Target	18.34
Upside Intraday Target	23.17
Upside Intraday Target	25.26
Upside Intraday Target	21.8

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	21.09	23.30	23.88	20.42	0.795 times
18 Fri Oct 2024	23.28	24.65	24.87	23.06	0.981 times
11 Fri Oct 2024	24.07	22.20	25.20	22.20	0.077 times
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

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
23 Wed Oct 2024	21.09	22.20	25.20	20.42	0.161 times
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

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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 coming down

CCI has generated a SELL signal for Energy Development in short term and SELL 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 23.06 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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