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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 2024-03-19 View latest technical analysis

10 day averaged volume of Patel Engineering is 8066050

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	54.85	56.25	56.25	54.40	0.683 times
18 Mon Mar 2024	56.15	56.75	58.00	54.80	0.814 times
15 Fri Mar 2024	55.65	56.40	57.50	54.15	1.025 times
14 Thu Mar 2024	55.95	51.50	56.70	51.05	1.436 times
13 Wed Mar 2024	52.25	57.80	59.40	51.50	1.543 times
12 Tue Mar 2024	57.25	60.30	60.80	56.35	1.193 times
11 Mon Mar 2024	60.10	63.75	64.70	59.80	0.804 times
07 Thu Mar 2024	63.45	63.50	65.20	62.80	0.539 times
06 Wed Mar 2024	63.15	67.60	67.80	61.65	1.213 times
05 Tue Mar 2024	67.70	69.00	69.45	67.35	0.467 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.6, but if it comes above 57.6, then a intra day buy could be more profitable.
If you take a sell trade below 57.6, then use 57.6 as stoploss and 49.8 as target. However if you take a buy trade in stock , then use 57.6 as stoploss and 64.12 as target.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.35
Downside Target	48.65
Downside Target	51.05
Downside Target	54.40
Upside Target	58.00
Upside Target	61.65
Upside Target	63.95
Upside Target	67.85
Upside Target	69.70
Upside Target	71.60
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	53.5
Downside Intraday Target	52.15
Upside Intraday Target	57.1
Upside Intraday Target	59.35
Upside Intraday Target	55.75

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	54.85	56.75	58.00	54.40	0.249 times
15 Fri Mar 2024	55.65	63.75	64.70	51.05	1.884 times
07 Thu Mar 2024	63.45	70.50	71.60	61.65	0.545 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

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
19 Tue Mar 2024	54.85	69.00	71.60	51.05	0.347 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Patel Engineering ( (PATELENG) ) 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Patel Engineering stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Patel Engineering is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 57.65 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 negative.

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