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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 2024-08-19 View latest technical analysis

10 day averaged volume of Patanjali Foods is 835642

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	1801.15	1831.40	1845.00	1792.05	0.371 times
16 Fri Aug 2024	1825.15	1772.00	1844.00	1764.40	1.222 times
14 Wed Aug 2024	1764.30	1796.00	1796.00	1754.00	0.602 times
13 Tue Aug 2024	1788.85	1784.70	1824.90	1752.00	0.895 times
12 Mon Aug 2024	1773.85	1790.00	1814.80	1756.05	0.33 times
09 Fri Aug 2024	1800.45	1794.50	1812.00	1760.15	0.474 times
08 Thu Aug 2024	1792.35	1807.05	1839.00	1750.00	0.922 times
07 Wed Aug 2024	1812.50	1770.00	1825.00	1756.10	1.148 times
06 Tue Aug 2024	1761.90	1720.00	1797.30	1711.70	3.121 times
05 Mon Aug 2024	1685.75	1655.00	1695.65	1633.90	0.531 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1793.5, but if it comes below 1793.5, then a intra day sell could be more profitable.
If you take a sell trade below 1793.5, then use 1793.5 as stoploss and 1727.02 as target. However if you take a buy trade in stock , then use 1793.5 as stoploss and 1873.3 as target.

Share price targets for Patanjali Foods (PATANJALI)

Target Type	Value
Downside Target	1169.95
Downside Target	1293.85
Downside Target	1515.00
Downside Target	1605.00
Downside Target	1671.10
Downside Target	1730.00
Downside Target	1752.00
Downside Target	1764.40
Downside Target	1792.05
Upside Target	1839.00
Upside Target	1844.00
Upside Target	1845.00

Intraday share price targets for Patanjali Foods (PATANJALI)

Target Type	Value
Downside Intraday Target	1780.47
Downside Intraday Target	1759.78
Upside Intraday Target	1833.42
Upside Intraday Target	1865.68
Upside Intraday Target	1812.73

Weekly technical analysis of Patanjali Foods (PATANJALI)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	1801.15	1831.40	1845.00	1792.05	0.122 times
16 Fri Aug 2024	1825.15	1790.00	1844.00	1752.00	0.492 times
09 Fri Aug 2024	1800.45	1655.00	1839.00	1633.90	1.586 times
02 Fri Aug 2024	1705.65	1675.00	1730.00	1671.10	0.82 times
26 Fri Jul 2024	1667.95	1591.00	1675.00	1554.70	1.224 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
19 Mon Aug 2024	1801.15	1720.00	1845.00	1633.90	0.386 times
31 Wed Jul 2024	1720.10	1621.00	1764.40	1541.05	1.751 times
28 Fri Jun 2024	1591.40	1460.00	1605.00	1169.95	1.496 times
31 Fri May 2024	1430.10	1496.05	1515.00	1316.60	0.586 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 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 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 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 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.

Patanjali Foods Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1781.18 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.