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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 2024-10-01 View latest technical analysis

10 day averaged volume of Patel Engineering is 5465848

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	56.89	56.99	57.80	56.25	1.027 times
30 Mon Sep 2024	57.00	57.51	58.11	56.80	0.711 times
27 Fri Sep 2024	57.96	57.87	58.44	57.75	0.495 times
26 Thu Sep 2024	57.69	58.40	58.55	57.50	0.525 times
25 Wed Sep 2024	58.26	59.00	59.58	58.02	0.64 times
24 Tue Sep 2024	59.18	60.10	61.00	58.91	0.961 times
23 Mon Sep 2024	60.26	60.00	61.38	59.87	1.578 times
20 Fri Sep 2024	58.76	57.80	60.40	57.50	1.385 times
19 Thu Sep 2024	57.51	59.05	59.92	56.36	1.062 times
18 Wed Sep 2024	58.75	60.45	60.98	58.58	1.068 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.3, but if it comes above 57.3, then a intra day buy could be more profitable.
If you take a sell trade below 57.3, then use 57.3 as stoploss and 55.8 as target. However if you take a buy trade in stock , then use 57.3 as stoploss and 58.57 as target.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	55.12
Upside Target	58.11
Upside Target	59.98
Upside Target	60.70
Upside Target	61.00
Upside Target	61.38
Upside Target	62.80
Upside Target	70.00
Upside Target	74.40

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	56.06
Downside Intraday Target	55.22
Upside Intraday Target	57.92
Upside Intraday Target	58.94
Upside Intraday Target	57.08

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	56.89	57.51	58.11	56.25	0.414 times
27 Fri Sep 2024	57.96	60.00	61.38	57.50	0.492 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

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
01 Tue Oct 2024	56.89	56.99	57.80	56.25	0.034 times
30 Mon Sep 2024	57.00	59.50	62.80	55.12	1.001 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

Scroll below to view daily charts

Price has moved down 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 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 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 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 Strong and stock is gaining momentum.

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

Patel Engineering Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 58.44 and Patel Engineering (PATELENG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.