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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.

10 day averaged volume of Energy Development is 388070

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	23.60	24.20	24.20	23.30	0.423 times
18 Thu Apr 2024	24.40	24.40	24.90	24.05	0.859 times
16 Tue Apr 2024	23.75	21.65	23.75	21.65	0.422 times
15 Mon Apr 2024	22.65	23.40	23.40	22.65	0.604 times
12 Fri Apr 2024	23.80	24.40	25.20	23.75	0.408 times
10 Wed Apr 2024	24.45	24.50	26.25	24.10	1.598 times
09 Tue Apr 2024	25.20	25.20	25.20	25.20	0.215 times
08 Mon Apr 2024	26.50	26.50	26.50	26.50	0.169 times
05 Fri Apr 2024	27.90	30.00	30.00	27.90	1.462 times
04 Thu Apr 2024	29.35	28.35	29.35	26.85	3.735 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 22.3 as stoploss in an intra day buy trade for a target of 25.75. However, stock will show a bearish move below 22.3.

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
Upside 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	21.87
Downside Intraday Target	20.13
Upside Intraday Target	25.12
Upside Intraday Target	26.63
Downside Intraday Target	23.38

Weekly technical analysis of Energy Development (ENERGYDEV)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	23.60	23.40	24.90	21.65	0.965 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 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
19 Fri Apr 2024	23.60	22.45	30.00	21.65	6.094 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 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 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 SELL. Signal strength is Weak and stock is gaining 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 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 26.65 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 positive

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