Munafa Energy Development Company Limited (ENERGYDEV) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Energy Development Company Limited (ENERGYDEV) Indicator analysis

Energy Development Company Limited stock tips (delivery Volume analysis)

Total 5 day volume for Energy Development Company Limited is 285144, out of which 175729 went into delivery, which is 61.63 percent of total volumes

Volumes in the last session was 26705, out of which 20485 went into delivery, which is 76.71 percent of total volumes.

Its safe to say that enough delivery is being taken in the stock to conclude that the trend below will continue for a couple of days.

Energy Development ENERGYDEV intraday stock tips

11 Thursday June Stock tips for Energy Development Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Energy Development ENERGYDEV gave a large move recently.

My analysis of Energy Development is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Energy Development stays below 16.4, but if it comes above 16.4, then a intra day buy could be more profitable.
If you take a sell trade below 16.4, then use 16.4 as stoploss and 16 as target. However if you take a buy trade in Energy Development, then use 16.4 as stoploss and 16.65 as target.

10 Wednesday June Stock tips for Energy Development Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Energy Development ENERGYDEV gave a large move recently.

My analysis of Energy Development is bearish for shortterm, and stock might move down till 16.4 or till 16.1. Use a stoploss of 16.68 and if the stock hits stoploss, then it can shoot up till 16.96

09 Tuesday June Stock tips for Energy Development Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Energy Development ENERGYDEV gave a large move recently.

08 Monday June Stock tips for Energy Development Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Energy Development ENERGYDEV gave a large move recently.

My analysis of Energy Development is bearish for shortterm, and stock might move down till 16.4 or till 16. Use a stoploss of 16.69 and if the stock hits stoploss, then it can shoot up till 16.99

05 Friday June Stock tips for Energy Development (ENERGYDEV) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Energy Development ENERGYDEV gave a large move recently.

My analysis of Energy Development is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Energy Development stays above 17, but if it comes below 17, then a intra day sell could be more profitable.
If you take a sell trade below 17, then use 17 as stoploss and 16.7 as target. However if you take a buy trade in Energy Development, then use 17 as stoploss and 17.4 as target.

04 Thursday June Stock tips for Energy Development Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

It appears as if Energy Development ENERGYDEV gave a large move recently.

My analysis of Energy Development is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 16.3 as stoploss in an intra day buy trade for a target of 16.66. However, stock will show a bearish move below 16.3.

03 Wednesday June Stock tips for Energy Development Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Energy Development ENERGYDEV gave a large move recently.

My analysis of Energy Development is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 16.3 as stoploss in an intra day buy trade for a target of 16.69. However, stock will show a bearish move below 16.3.

Energy Development ENERGYDEV tips for tomorrow

Tomorrow's movement Prediction of Energy Development ENERGYDEV appears strongly Bullish. This stock started moving upwards as soon as it opened. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue tomorrow as well.

Tomorrow's movement Prediction of Energy Development ENERGYDEV is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 16.48

Munafa value: 55

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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