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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 2024-09-16 View latest technical analysis

10 day averaged volume of Patanjali Foods is 2034063

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1852.20	1861.80	1874.40	1843.20	0.356 times
13 Fri Sep 2024	1860.95	1885.10	1896.20	1850.00	6.93 times
12 Thu Sep 2024	1931.35	1916.20	1934.00	1915.20	0.318 times
11 Wed Sep 2024	1916.20	1921.20	1939.55	1899.00	0.256 times
10 Tue Sep 2024	1940.75	1930.00	1946.00	1917.75	0.285 times
09 Mon Sep 2024	1924.20	1915.35	1932.00	1877.75	0.361 times
06 Fri Sep 2024	1921.05	1920.00	1930.00	1890.10	0.367 times
05 Thu Sep 2024	1932.90	1948.55	1950.00	1910.60	0.452 times
04 Wed Sep 2024	1927.95	1940.15	1973.45	1896.95	0.268 times
03 Tue Sep 2024	1950.55	1960.15	1992.20	1920.20	0.307 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1837.5, for a target of 1878.2 or 1912.19

Share price targets for Patanjali Foods (PATANJALI)

Target Type	Value
Downside Target	1169.95
Downside Target	1316.60
Downside Target	1515.00
Downside Target	1605.00
Downside Target	1764.40
Downside Target	1843.20
Upside Target	1890.10
Upside Target	1945.00
Upside Target	1946.00
Upside Target	1957.00
Upside Target	1992.20

Intraday share price targets for Patanjali Foods (PATANJALI)

Target Type	Value
Downside Intraday Target	1838.8
Downside Intraday Target	1825.4
Upside Intraday Target	1870
Upside Intraday Target	1887.8
Upside Intraday Target	1856.6

Weekly technical analysis of Patanjali Foods (PATANJALI)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1852.20	1861.80	1874.40	1843.20	0.044 times
13 Fri Sep 2024	1860.95	1915.35	1946.00	1850.00	4.406 times
06 Fri Sep 2024	1921.05	1948.95	1992.20	1890.10	2.152 times
30 Fri Aug 2024	1942.15	1898.00	1957.00	1865.10	0.413 times
23 Fri Aug 2024	1899.45	1831.40	1945.00	1776.00	1.66 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
16 Mon Sep 2024	1852.20	1948.95	1992.20	1843.20	1.421 times
30 Fri Aug 2024	1942.15	1720.00	1957.00	1633.90	0.625 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

Scroll below to view daily charts

Price has moved down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Patanjali Foods ( (PATANJALI) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Patanjali Foods ( (PATANJALI) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Patanjali Foods in short term but the sell signal is initial and weak.

Patanjali Foods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Patanjali Foods in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 1879.04 and Patanjali Foods (PATANJALI) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.