Is ENERGY DEVELOPMENT COMPANY in uptrend or downtrend?

In the short term price movements in ENERGYDEV share indicates the market is rangebound, with bulls trying to absorb excessive supply.

What is ENERGY DEVELOPMENT COMPANY share price forecast for tomorrow?

In Energy Development Company Limited stock current resistance level is at 16 and support level is at 14. Though market is closer to support level there are good chances till these ranges are broken, market would stay Sideways.

What are ENERGY DEVELOPMENT COMPANY support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Energy Development Company Limited in the short-term, the supply zone around 16 and 20. Hence, good chances of resistance around 20. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Energy Development Company Limited share is around 14 and 10. Hence, good chances for support around 10.

Why is ENERGY DEVELOPMENT COMPANY share price falling today?

Perhaps ENERGYDEV stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

ENERGY DEVELOPMENT COMPANY Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data