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(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 2024-03-05 View latest technical analysis

10 day averaged volume of Patel Engineering is 8071025

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	67.70	69.00	69.45	67.35	0.467 times
04 Mon Mar 2024	68.75	70.50	71.60	68.20	0.966 times
02 Sat Mar 2024	67.95	68.40	68.65	67.55	0.081 times
01 Fri Mar 2024	68.20	69.00	69.50	67.45	0.47 times
29 Thu Feb 2024	67.85	66.05	68.80	65.10	0.839 times
28 Wed Feb 2024	66.05	71.30	71.60	65.25	1.616 times
27 Tue Feb 2024	70.90	74.20	75.00	70.70	0.931 times
26 Mon Feb 2024	73.85	71.10	74.50	70.50	1.898 times
23 Fri Feb 2024	70.75	70.95	73.30	70.05	1.042 times
22 Thu Feb 2024	70.65	71.20	71.55	68.85	0.762 times

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.35
Downside Target	48.65
Downside Target	55.20
Downside Target	58.20
Downside Target	63.95
Upside Target	69.70
Upside Target	71.60
Upside Target	72.90
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	66.17
Downside Intraday Target	64.63
Upside Intraday Target	70.42
Upside Intraday Target	73.13
Upside Intraday Target	68.88

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	67.70	70.50	71.60	67.35	0.245 times
02 Sat Mar 2024	67.95	71.10	75.00	65.10	1.203 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

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
05 Tue Mar 2024	67.70	69.00	71.60	67.35	0.061 times
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

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 Patel Engineering (PATELENG)

Price action analysis of Patel Engineering ( (PATELENG) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Patel Engineering ( (PATELENG) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Patel Engineering ( (PATELENG) ) based on a short to mid 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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

Patel Engineering Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Patel Engineering 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 69.77 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.