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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 2024-03-21 View latest technical analysis

10 day averaged volume of Patel Engineering is 8061955

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	56.55	56.45	58.20	55.65	0.907 times
20 Wed Mar 2024	55.30	55.20	55.90	52.95	0.746 times
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	1.026 times
14 Thu Mar 2024	55.95	51.50	56.70	51.05	1.437 times
13 Wed Mar 2024	52.25	57.80	59.40	51.50	1.544 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	0.805 times
07 Thu Mar 2024	63.45	63.50	65.20	62.80	0.539 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 56.1 as stoploss in an intra day buy trade for a target of 62.63. However, stock will show a bearish move below 56.1.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.35
Downside Target	48.65
Downside Target	51.05
Downside Target	52.95
Downside Target	55.20
Upside Target	58.20
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	53.6
Downside Intraday Target	50.65
Upside Intraday Target	58.85
Upside Intraday Target	61.15
Downside Intraday Target	55.9

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	56.55	56.75	58.20	52.95	0.525 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 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 Patel Engineering (PATELENG)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	56.55	69.00	71.60	51.05	0.398 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Patel Engineering Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Patel Engineering in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 56.2 and Patel Engineering (PATELENG) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.