Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-20 View latest technical analysis

10 day averaged volume of Patel Engineering is 8388775

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	53.83	56.00	56.00	53.41	1.223 times
19 Mon Aug 2024	55.67	55.20	56.66	54.62	0.93 times
16 Fri Aug 2024	54.67	52.98	56.10	51.57	1.45 times
14 Wed Aug 2024	51.13	53.50	53.64	50.96	0.835 times
13 Tue Aug 2024	52.95	55.51	55.73	52.78	1.193 times
12 Mon Aug 2024	55.48	54.00	56.13	53.16	1.032 times
09 Fri Aug 2024	53.83	55.50	56.00	53.76	0.69 times
08 Thu Aug 2024	54.56	55.71	56.00	54.25	0.622 times
07 Wed Aug 2024	55.61	54.85	55.79	53.90	0.711 times
06 Tue Aug 2024	53.47	55.75	57.26	53.21	1.088 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 53.5 as stoploss in an intra day buy trade for a target of 56.5. However, stock will show a bearish move below 53.5.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	52.80
Upside Target	55.84
Upside Target	57.26
Upside Target	59.98
Upside Target	61.75
Upside Target	62.00
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	52.61
Downside Intraday Target	51.38
Upside Intraday Target	55.86
Upside Intraday Target	57.88
Upside Intraday Target	54.63

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	53.83	55.20	56.66	53.41	0.477 times
16 Fri Aug 2024	54.67	54.00	56.13	50.96	0.989 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

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
20 Tue Aug 2024	53.83	59.70	59.98	50.96	0.498 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Patel Engineering in short term but the buy signal is initial and weak.

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

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. Bulls 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 but SELL 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

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 54.1 and Patel Engineering (PATELENG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.