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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 2024-09-12 View latest technical analysis

10 day averaged volume of Patel Engineering is 9464988

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	57.23	58.25	58.71	57.02	0.51 times
11 Wed Sep 2024	57.95	59.50	59.72	57.65	0.551 times
10 Tue Sep 2024	59.39	59.52	60.50	59.07	1.059 times
09 Mon Sep 2024	59.10	57.04	60.49	55.12	1.387 times
06 Fri Sep 2024	57.04	58.65	58.76	56.75	0.492 times
05 Thu Sep 2024	58.27	58.30	59.96	57.94	0.562 times
04 Wed Sep 2024	58.18	57.52	58.95	57.45	0.578 times
03 Tue Sep 2024	58.85	60.00	60.43	58.31	0.81 times
02 Mon Sep 2024	59.74	59.50	60.70	58.88	1.805 times
30 Fri Aug 2024	57.21	55.10	57.45	55.10	2.436 times

My analysis of stock is bullish for shortterm, and stock might move up till 58.4 or till 60.9. Use a stoploss of 56.38 and if this stock hits its stoploss, then it can fall down till 54.32

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	52.81
Downside Target	55.12
Upside Target	57.45
Upside Target	59.98
Upside Target	60.50
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	54.73
Downside Intraday Target	52.24
Upside Intraday Target	60.11
Upside Intraday Target	63
Upside Intraday Target	57.62

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	57.23	57.04	60.50	55.12	0.826 times
06 Fri Sep 2024	57.04	59.50	60.70	56.75	1.048 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

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 Thu Sep 2024	57.23	59.50	60.70	55.12	0.445 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 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Patel Engineering in short term and the buy signal is strong.

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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Patel Engineering in short term and SELL signal is strong!

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 58.42 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.