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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 2024-08-20 View latest technical analysis

10 day averaged volume of Patanjali Foods is 803468

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	1821.90	1805.00	1831.00	1776.00	0.291 times
19 Mon Aug 2024	1801.15	1831.40	1845.00	1792.05	0.386 times
16 Fri Aug 2024	1825.15	1772.00	1844.00	1764.40	1.271 times
14 Wed Aug 2024	1764.30	1796.00	1796.00	1754.00	0.626 times
13 Tue Aug 2024	1788.85	1784.70	1824.90	1752.00	0.931 times
12 Mon Aug 2024	1773.85	1790.00	1814.80	1756.05	0.343 times
09 Fri Aug 2024	1800.45	1794.50	1812.00	1760.15	0.493 times
08 Thu Aug 2024	1792.35	1807.05	1839.00	1750.00	0.959 times
07 Wed Aug 2024	1812.50	1770.00	1825.00	1756.10	1.194 times
06 Tue Aug 2024	1761.90	1720.00	1797.30	1711.70	3.246 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1801.4, but if it comes below 1801.4, then a intra day sell could be more profitable.
If you take a sell trade below 1801.4, then use 1801.4 as stoploss and 1737.64 as target. However if you take a buy trade in stock , then use 1801.4 as stoploss and 1878 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	1776.00
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	1783.6
Downside Intraday Target	1745.3
Upside Intraday Target	1852.6
Upside Intraday Target	1883.3
Downside Intraday Target	1814.3

Weekly technical analysis of Patanjali Foods (PATANJALI)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	1821.90	1831.40	1845.00	1776.00	0.214 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
20 Tue Aug 2024	1821.90	1720.00	1845.00	1633.90	0.396 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 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 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 losing 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Patanjali Foods in short term but SELL signal is weak.

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 1787.81 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.