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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 2024-09-26 View latest technical analysis

10 day averaged volume of Patel Engineering is 8704009

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	57.69	58.40	58.55	57.50	0.33 times
25 Wed Sep 2024	58.26	59.00	59.58	58.02	0.402 times
24 Tue Sep 2024	59.18	60.10	61.00	58.91	0.604 times
23 Mon Sep 2024	60.26	60.00	61.38	59.87	0.991 times
20 Fri Sep 2024	58.76	57.80	60.40	57.50	0.87 times
19 Thu Sep 2024	57.51	59.05	59.92	56.36	0.667 times
18 Wed Sep 2024	58.75	60.45	60.98	58.58	0.671 times
17 Tue Sep 2024	60.44	61.80	61.90	59.50	0.989 times
16 Mon Sep 2024	61.63	60.50	62.80	60.40	2.166 times
13 Fri Sep 2024	59.81	57.39	61.00	56.93	2.086 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 57.6 as stoploss in an intra day buy trade for a target of 58.76. However, stock will show a bearish move below 57.6.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	53.50
Downside Target	55.12
Upside Target	59.98
Upside Target	60.70
Upside Target	61.00
Upside Target	61.38
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	56.33
Downside Intraday Target	54.98
Upside Intraday Target	60.21
Upside Intraday Target	62.74
Upside Intraday Target	58.86

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	57.69	60.00	61.38	57.50	0.434 times
20 Fri Sep 2024	58.76	60.50	62.80	56.36	0.909 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

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
26 Thu Sep 2024	57.69	59.50	62.80	55.12	0.961 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 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 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.

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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Patel Engineering in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

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 and SELL 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

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 59.83 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.