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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 2024-08-12 View latest technical analysis

10 day averaged volume of Patel Engineering is 6595433

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	55.48	54.00	56.13	53.16	1.313 times
09 Fri Aug 2024	53.83	55.50	56.00	53.76	0.877 times
08 Thu Aug 2024	54.56	55.71	56.00	54.25	0.791 times
07 Wed Aug 2024	55.61	54.85	55.79	53.90	0.905 times
06 Tue Aug 2024	53.47	55.75	57.26	53.21	1.383 times
05 Mon Aug 2024	53.49	55.00	55.79	52.80	1.844 times
02 Fri Aug 2024	56.93	57.45	58.50	56.80	1.1 times
01 Thu Aug 2024	57.99	59.70	59.98	57.70	1.006 times
31 Wed Jul 2024	59.64	60.74	60.74	59.50	0.81 times
30 Tue Jul 2024	60.39	60.17	61.15	60.17	0.583 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 55.4 as stoploss in an intra day buy trade for a target of 58.01. However, stock will show a bearish move below 55.4.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	52.80
Upside Target	55.84
Upside Target	58.50
Upside Target	59.98
Upside Target	61.75
Upside Target	62.00
Upside Target	62.30
Upside Target	65.90
Upside Target	66.20
Upside Target	70.00
Upside Target	74.40

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	53.72
Downside Intraday Target	51.95
Upside Intraday Target	56.69
Upside Intraday Target	57.89
Downside Intraday Target	54.92

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	55.48	54.00	56.13	53.16	0.226 times
09 Fri Aug 2024	53.83	55.00	57.26	52.80	1.381 times
02 Fri Aug 2024	56.93	60.76	61.75	56.80	0.921 times
26 Fri Jul 2024	60.42	58.30	62.00	55.84	0.852 times
19 Fri Jul 2024	58.89	61.55	62.30	58.50	0.37 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
12 Mon Aug 2024	55.48	59.70	59.98	52.80	0.28 times
31 Wed Jul 2024	59.64	66.15	70.00	55.84	0.825 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

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 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 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 gaining 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 55.65 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.