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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 2024-07-15 View latest technical analysis

10 day averaged volume of Patel Engineering is 13766245

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	59.18	61.55	61.79	58.91	0.886 times
12 Fri Jul 2024	61.19	62.20	62.38	61.06	0.429 times
11 Thu Jul 2024	61.91	62.00	62.58	61.50	0.529 times
10 Wed Jul 2024	61.49	63.90	64.14	60.76	1.006 times
09 Tue Jul 2024	63.41	64.00	64.50	62.72	1.16 times
08 Mon Jul 2024	62.09	61.51	64.30	60.82	3.797 times
05 Fri Jul 2024	69.00	69.15	70.00	68.30	0.642 times
04 Thu Jul 2024	69.00	66.98	69.50	66.83	0.909 times
03 Wed Jul 2024	66.58	66.51	66.99	65.72	0.44 times
02 Tue Jul 2024	66.51	66.29	67.29	65.55	0.454 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 58.4, for a target of 62.7 or 66.27

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	53.55
Downside Target	56.50
Downside Target	58.91
Upside Target	60.76
Upside Target	64.50
Upside Target	68.61
Upside Target	70.00
Upside Target	71.40
Upside Target	71.60
Upside Target	74.40

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	58.13
Downside Intraday Target	57.08
Upside Intraday Target	61.01
Upside Intraday Target	62.84
Upside Intraday Target	59.96

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	59.18	61.55	61.79	58.91	0.128 times
12 Fri Jul 2024	61.19	61.51	64.50	60.76	2.248 times
05 Fri Jul 2024	69.00	66.15	70.00	65.21	1.141 times
28 Fri Jun 2024	65.79	69.06	71.40	64.98	0.453 times
21 Fri Jun 2024	69.44	70.00	74.40	68.61	0.918 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
15 Mon Jul 2024	59.18	66.15	70.00	58.91	0.57 times
28 Fri Jun 2024	65.79	64.70	74.40	50.20	1.399 times
31 Fri May 2024	61.80	58.15	65.90	53.55	1.298 times
30 Tue Apr 2024	57.60	57.50	66.20	56.50	1.132 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 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 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 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 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 SELL signal in short term and selling is picking up 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 63.32 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.