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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 2024-09-05 View latest technical analysis

10 day averaged volume of Patel Engineering is 7674344

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	58.27	58.30	59.96	57.94	0.693 times
04 Wed Sep 2024	58.18	57.52	58.95	57.45	0.713 times
03 Tue Sep 2024	58.85	60.00	60.43	58.31	0.999 times
02 Mon Sep 2024	59.74	59.50	60.70	58.88	2.226 times
30 Fri Aug 2024	57.21	55.10	57.45	55.10	3.004 times
29 Thu Aug 2024	53.65	54.69	54.69	53.50	0.394 times
28 Wed Aug 2024	54.73	55.14	55.25	54.50	0.467 times
27 Tue Aug 2024	54.87	54.20	55.40	53.85	0.751 times
26 Mon Aug 2024	54.08	54.81	54.93	54.01	0.378 times
23 Fri Aug 2024	54.53	54.43	55.18	54.06	0.503 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 57.3, but if it comes below 57.3, then a intra day sell could be more profitable.
If you take a sell trade below 57.3, then use 57.3 as stoploss and 55.24 as target. However if you take a buy trade in stock , then use 57.3 as stoploss and 59.9 as target.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	52.80
Downside Target	55.84
Downside Target	57.45
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	56.91
Downside Intraday Target	55.56
Upside Intraday Target	60.16
Upside Intraday Target	62.06
Upside Intraday Target	58.81

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	58.27	59.50	60.70	57.45	0.927 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
05 Thu Sep 2024	58.27	59.50	60.70	57.45	0.216 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 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 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.

Price action analysis of Patel Engineering ( (PATELENG) ) based on a short to mid 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.

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 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 tired and bears are picking up momentum.

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 but buying is losing 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 57.39 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 negative.

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