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(PATANJALI) Patanjali Foods complete technical analysis [charts+indicators] | Buy/Sell Patanjali Foods | (PATANJALI) share price targets

Complete technical analysis of Patanjali Foods (PATANJALI) by charts plus indicators, forecast predictions and share price targets for Patanjali Foods (PATANJALI)

Showing technical analysis as on 2024-04-29 View latest technical analysis

10 day averaged volume of Patanjali Foods is 1011376

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1563.55	1600.00	1609.00	1555.00	0.78 times
26 Fri Apr 2024	1583.75	1516.80	1605.00	1502.00	1.543 times
25 Thu Apr 2024	1521.15	1513.95	1546.50	1485.00	0.796 times
24 Wed Apr 2024	1508.90	1493.00	1538.95	1484.55	0.937 times
23 Tue Apr 2024	1487.65	1478.90	1494.00	1462.00	0.587 times
22 Mon Apr 2024	1466.40	1405.00	1474.20	1405.00	1.084 times
19 Fri Apr 2024	1402.50	1370.00	1416.95	1370.00	0.522 times
18 Thu Apr 2024	1404.90	1385.00	1419.35	1382.00	0.798 times
16 Tue Apr 2024	1408.50	1318.00	1424.00	1317.95	2.096 times
15 Mon Apr 2024	1340.70	1316.80	1349.90	1293.85	0.562 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1582.3, for a target of 1493.4 or 1419.35

Share price targets for Patanjali Foods (PATANJALI)

Target Type	Value
Downside Target	1281.00
Downside Target	1348.00
Downside Target	1510.00
Downside Target	1555.00
Upside Target	1605.00
Upside Target	1609.00
Upside Target	1641.00
Upside Target	1665.00
Upside Target	1712.50
Upside Target	1713.80

Intraday share price targets for Patanjali Foods (PATANJALI)

Target Type	Value
Downside Intraday Target	1542.7
Downside Intraday Target	1521.85
Upside Intraday Target	1596.7
Upside Intraday Target	1629.85
Upside Intraday Target	1575.85

Weekly technical analysis of Patanjali Foods (PATANJALI)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1563.55	1600.00	1609.00	1555.00	0.158 times
26 Fri Apr 2024	1583.75	1405.00	1605.00	1405.00	1.243 times
19 Fri Apr 2024	1402.50	1316.80	1424.00	1293.85	1.637 times
12 Fri Apr 2024	1342.45	1363.60	1383.40	1309.45	1.444 times
05 Fri Apr 2024	1387.85	1360.00	1422.00	1348.00	1.326 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 Patanjali Foods (PATANJALI)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1563.55	1360.00	1609.00	1293.85	1.334 times
28 Thu Mar 2024	1338.40	1545.50	1641.00	1281.00	0.785 times
29 Thu Feb 2024	1537.70	1582.05	1712.50	1510.00	1.085 times
31 Wed Jan 2024	1582.10	1574.00	1713.80	1522.00	0.656 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 Patanjali Foods (PATANJALI)

Price action analysis of Patanjali Foods ( (PATANJALI) ) 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 Patanjali Foods ( (PATANJALI) ) 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 Patanjali Foods ( (PATANJALI) ) 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 Patanjali Foods stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Patanjali Foods 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.

Patanjali Foods Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 buy signal for Patanjali Foods in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Patanjali Foods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1474.46 and Patanjali Foods (PATANJALI) 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 Patanjali Foods (PATANJALI) stock. Volume based technical analysis of Patanjali Foods (PATANJALI) stock is negative.

Patanjali Foods 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.