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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 2024-09-18 View latest technical analysis

10 day averaged volume of Patel Engineering is 9426821

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	58.75	60.45	60.98	58.58	0.619 times
17 Tue Sep 2024	60.44	61.80	61.90	59.50	0.913 times
16 Mon Sep 2024	61.63	60.50	62.80	60.40	2 times
13 Fri Sep 2024	59.81	57.39	61.00	56.93	1.926 times
12 Thu Sep 2024	57.23	58.25	58.71	57.02	0.512 times
11 Wed Sep 2024	57.95	59.50	59.72	57.65	0.554 times
10 Tue Sep 2024	59.39	59.52	60.50	59.07	1.064 times
09 Mon Sep 2024	59.10	57.04	60.49	55.12	1.392 times
06 Fri Sep 2024	57.04	58.65	58.76	56.75	0.494 times
05 Thu Sep 2024	58.27	58.30	59.96	57.94	0.564 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 59.8 as stoploss in an intra day sell trade for a target of 57.48. However, stock will show a bullish move above 59.8.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	52.81
Downside Target	55.12
Upside Target	59.98
Upside Target	60.70
Upside Target	61.00
Upside Target	62.80
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	57.29
Downside Intraday Target	55.82
Upside Intraday Target	61.51
Upside Intraday Target	64.26
Upside Intraday Target	60.04

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	58.75	60.50	62.80	58.58	0.648 times
13 Fri Sep 2024	59.81	57.04	61.00	55.12	1.278 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

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
18 Wed Sep 2024	58.75	59.50	62.80	55.12	0.757 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 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 in or below the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 59.56 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 positive

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