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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 2024-08-27 View latest technical analysis

10 day averaged volume of Patel Engineering is 7727787

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	54.87	54.20	55.40	53.85	0.746 times
26 Mon Aug 2024	54.08	54.81	54.93	54.01	0.375 times
23 Fri Aug 2024	54.53	54.43	55.18	54.06	0.499 times
22 Thu Aug 2024	54.21	54.30	55.34	54.01	0.559 times
21 Wed Aug 2024	54.38	53.83	54.90	52.81	1.333 times
20 Tue Aug 2024	53.83	56.00	56.00	53.41	1.328 times
19 Mon Aug 2024	55.67	55.20	56.66	54.62	1.01 times
16 Fri Aug 2024	54.67	52.98	56.10	51.57	1.574 times
14 Wed Aug 2024	51.13	53.50	53.64	50.96	0.907 times
13 Tue Aug 2024	52.95	55.51	55.73	52.78	1.295 times

My analysis of stock is bearish for shortterm, and stock might move down till 52.9 or till 50.3. Use a stoploss of 55.09 and if the stock hits stoploss, then it can shoot up till 57.25

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	52.80
Upside Target	55.40
Upside Target	56.80
Upside Target	57.26
Upside Target	59.98
Upside Target	61.75
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	54.01
Downside Intraday Target	53.16
Upside Intraday Target	55.56
Upside Intraday Target	56.26
Downside Intraday Target	54.71

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	54.87	54.81	55.40	53.85	0.237 times
23 Fri Aug 2024	54.53	55.20	56.66	52.81	0.966 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

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
27 Tue Aug 2024	54.87	59.70	59.98	50.96	0.624 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 to mid 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 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 Weak and stock is losing 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 moving up

CCI has generated a buy signal for Patel Engineering in short term and BUY 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 54.01 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.