(PATELENG) Patel Engineering complete technical analysis [charts+indicators] | Buy/Sell Patel Engineering | (PATELENG) share price targets
Complete technical analysis of Patel Engineering (PATELENG) by charts plus indicators, forecast predictions and share price targets for Patel Engineering (PATELENG)
Patel Engineering trades in NSE in Construction & Engineering sector.
Showing technical analysis as on 2024-02-29 View latest technical analysis
10 day averaged volume of Patel Engineering is 8589184
Date | Daily Closing Price | Open | High | Low | Volume |
29 Thu Feb 2024 | 67.85 | 66.05 | 68.80 | 65.10 | 0.788 times |
28 Wed Feb 2024 | 66.05 | 71.30 | 71.60 | 65.25 | 1.519 times |
27 Tue Feb 2024 | 70.90 | 74.20 | 75.00 | 70.70 | 0.875 times |
26 Mon Feb 2024 | 73.85 | 71.10 | 74.50 | 70.50 | 1.783 times |
23 Fri Feb 2024 | 70.75 | 70.95 | 73.30 | 70.05 | 0.979 times |
22 Thu Feb 2024 | 70.65 | 71.20 | 71.55 | 68.85 | 0.716 times |
21 Wed Feb 2024 | 70.85 | 71.75 | 73.45 | 69.45 | 1.311 times |
20 Tue Feb 2024 | 71.55 | 68.50 | 73.40 | 67.85 | 1.042 times |
19 Mon Feb 2024 | 68.15 | 69.45 | 69.85 | 68.00 | 0.512 times |
16 Fri Feb 2024 | 69.45 | 71.55 | 72.90 | 69.00 | 0.597 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 68.2, but if it comes above 68.2, then a intra day buy could be more profitable.
If you take a sell trade below 68.2, then use 68.2 as stoploss and 65.3 as target. However if you take a buy trade in stock , then use 68.2 as stoploss and 70.59 as target.
Share price targets for Patel Engineering (PATELENG)
Target Type | Value |
Downside Target | 42.05 |
Downside Target | 46.35 |
Downside Target | 48.65 |
Downside Target | 53.45 |
Downside Target | 55.20 |
Downside Target | 58.20 |
Downside Target | 60.25 |
Downside Target | 63.95 |
Downside Target | 67.85 |
Upside Target | 69.70 |
Upside Target | 72.50 |
Upside Target | 73.45 |
Upside Target | 75.00 |
Upside Target | 79.00 |
Intraday share price targets for Patel Engineering (PATELENG)
Target Type | Value |
Downside Intraday Target | 63.63 |
Downside Intraday Target | 59.42 |
Upside Intraday Target | 73.53 |
Upside Intraday Target | 79.22 |
Upside Intraday Target | 69.32 |
Weekly technical analysis of Patel Engineering (PATELENG)
Date | Weekly Closing Price | Open | High | Low | Volume |
29 Thu Feb 2024 | 67.85 | 71.10 | 75.00 | 65.10 | 1.089 times |
23 Fri Feb 2024 | 70.75 | 69.45 | 73.45 | 67.85 | 0.689 times |
16 Fri Feb 2024 | 69.45 | 71.80 | 72.90 | 63.95 | 0.685 times |
09 Fri Feb 2024 | 71.55 | 69.65 | 79.00 | 66.20 | 1.096 times |
02 Fri Feb 2024 | 69.15 | 60.30 | 72.50 | 60.25 | 3.813 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 Patel Engineering (PATELENG)
Date | Monthly Closing Price | Open | High | Low | Volume |
29 Thu Feb 2024 | 67.85 | 70.00 | 79.00 | 63.95 | 1.545 times |
31 Wed Jan 2024 | 69.05 | 61.70 | 70.75 | 58.20 | 0.737 times |
29 Fri Dec 2023 | 60.15 | 49.05 | 69.70 | 48.65 | 3.259 times |
30 Thu Nov 2023 | 48.45 | 48.90 | 55.20 | 46.35 | 0.897 times |
Scroll below to view daily charts
Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Patel Engineering (PATELENG)
Price action analysis of Patel Engineering ( (PATELENG) ) 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 Patel Engineering ( (PATELENG) ) 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 Patel Engineering ( (PATELENG) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of Patel Engineering ( (PATELENG) ) 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 Patel Engineering stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Patel Engineering in short term but the sell signal is initial and weak.
Patel Engineering 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 moving up
CCI has generated a SELL signal for Patel Engineering in short term and SELL 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 Patel Engineering is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 70.26 and Patel Engineering (PATELENG) 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 Patel Engineering (PATELENG) stock. Volume based technical analysis of Patel Engineering (PATELENG) stock is negative.
Patel Engineering 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.
Price action analysis of Patel Engineering ( (PATELENG) ) 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 Patel Engineering ( (PATELENG) ) 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 Patel Engineering ( (PATELENG) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of Patel Engineering ( (PATELENG) ) 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 Patel Engineering stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Patel Engineering in short term but the sell signal is initial and weak.
Patel Engineering 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 moving up
CCI has generated a SELL signal for Patel Engineering in short term and SELL 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 Patel Engineering is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 70.26 and Patel Engineering (PATELENG) 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 Patel Engineering (PATELENG) stock. Volume based technical analysis of Patel Engineering (PATELENG) stock is negative.
Patel Engineering 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.
Click here for Patel Engineering charts
Click here for further forecast and predictions for tomorrow
Daily charts
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