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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 2024-09-02 View latest technical analysis

10 day averaged volume of Patel Engineering is 7488313

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	59.74	59.50	60.70	58.88	2.281 times
30 Fri Aug 2024	57.21	55.10	57.45	55.10	3.079 times
29 Thu Aug 2024	53.65	54.69	54.69	53.50	0.404 times
28 Wed Aug 2024	54.73	55.14	55.25	54.50	0.479 times
27 Tue Aug 2024	54.87	54.20	55.40	53.85	0.77 times
26 Mon Aug 2024	54.08	54.81	54.93	54.01	0.387 times
23 Fri Aug 2024	54.53	54.43	55.18	54.06	0.515 times
22 Thu Aug 2024	54.21	54.30	55.34	54.01	0.577 times
21 Wed Aug 2024	54.38	53.83	54.90	52.81	1.376 times
20 Tue Aug 2024	53.83	56.00	56.00	53.41	1.37 times

Stock of Patel Engineering (PATELENG) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 58.3, for a target of 56.3 or 54.6

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	52.80
Downside Target	55.84
Downside Target	58.88
Upside Target	59.98
Upside Target	60.70
Upside Target	65.90
Upside Target	70.00
Upside Target	74.40

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	58.85
Downside Intraday Target	57.95
Upside Intraday Target	60.67
Upside Intraday Target	61.59
Upside Intraday Target	59.77

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	59.74	59.50	60.70	58.88	0.446 times
30 Fri Aug 2024	57.21	54.81	57.45	53.50	1.049 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

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
02 Mon Sep 2024	59.74	59.50	60.70	58.88	0.104 times
30 Fri Aug 2024	57.21	59.70	59.98	50.96	0.76 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

Scroll below to view daily charts

Price has moved up 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 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 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 BUY. 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term and the buying is gaining 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 56.19 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.