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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 2024-10-18 View latest technical analysis

10 day averaged volume of Patanjali Foods is 513627

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	1765.00	1720.05	1790.95	1702.65	1.217 times
17 Thu Oct 2024	1741.70	1765.00	1770.00	1721.10	0.472 times
16 Wed Oct 2024	1764.65	1720.00	1778.30	1716.05	1.03 times
15 Tue Oct 2024	1730.05	1725.10	1741.00	1695.00	0.833 times
14 Mon Oct 2024	1728.60	1743.50	1743.50	1698.60	0.805 times
11 Fri Oct 2024	1743.50	1740.20	1750.00	1701.50	0.825 times
10 Thu Oct 2024	1740.30	1715.00	1748.00	1694.85	1.127 times
09 Wed Oct 2024	1706.15	1710.00	1715.00	1682.90	1.87 times
08 Tue Oct 2024	1690.10	1620.00	1700.00	1606.60	0.917 times
07 Mon Oct 2024	1630.30	1633.10	1641.00	1593.75	1.147 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1750, but if it comes below 1750, then a intra day sell could be more profitable.
If you take a sell trade below 1750, then use 1750 as stoploss and 1712.89 as target. However if you take a buy trade in stock , then use 1750 as stoploss and 1794.5 as target.

Share price targets for Patanjali Foods (PATANJALI)

Target Type	Value
Downside Target	1169.95
Downside Target	1541.05
Downside Target	1593.75
Downside Target	1750.00
Downside Target	1755.00
Downside Target	1764.40
Upside Target	1790.95
Upside Target	1874.40
Upside Target	1957.00
Upside Target	1992.20

Intraday share price targets for Patanjali Foods (PATANJALI)

Target Type	Value
Downside Intraday Target	1709.68
Downside Intraday Target	1654.37
Upside Intraday Target	1805.63
Upside Intraday Target	1846.27
Downside Intraday Target	1750.32

Weekly technical analysis of Patanjali Foods (PATANJALI)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	1765.00	1743.50	1790.95	1695.00	0.74 times
11 Fri Oct 2024	1743.50	1633.10	1750.00	1593.75	1.556 times
04 Fri Oct 2024	1632.10	1700.00	1715.55	1622.00	0.773 times
27 Fri Sep 2024	1701.50	1755.00	1755.00	1692.00	1.086 times
20 Fri Sep 2024	1730.55	1861.80	1874.40	1724.10	0.14 times

Price has moved up 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
18 Fri Oct 2024	1765.00	1678.00	1790.95	1593.75	0.258 times
30 Mon Sep 2024	1683.45	1948.95	1992.20	1664.00	1.736 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

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 but the buy signal is initial and weak.

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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Patanjali Foods in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Patanjali Foods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1721.21 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.