Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-15 View latest technical analysis

10 day averaged volume of Patel Engineering is 3993592

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	54.60	54.25	54.95	54.20	0.567 times
14 Mon Oct 2024	54.13	54.80	55.41	53.51	0.703 times
11 Fri Oct 2024	54.62	55.01	55.78	54.50	0.633 times
10 Thu Oct 2024	55.18	55.75	56.47	55.09	0.652 times
09 Wed Oct 2024	55.39	55.28	56.33	54.95	0.738 times
08 Tue Oct 2024	54.95	52.50	55.25	52.21	1.146 times
07 Mon Oct 2024	52.94	56.19	56.20	52.55	1.447 times
04 Fri Oct 2024	55.69	55.26	56.75	54.06	1.187 times
03 Thu Oct 2024	55.54	55.51	56.47	55.20	1.115 times
01 Tue Oct 2024	56.89	56.99	57.80	56.25	1.406 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.7, but if it comes above 54.7, then a intra day buy could be more profitable.
If you take a sell trade below 54.7, then use 54.7 as stoploss and 52.2 as target. However if you take a buy trade in stock , then use 54.7 as stoploss and 56.79 as target.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	52.21
Downside Target	53.51
Upside Target	57.80
Upside Target	58.11
Upside Target	59.98
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	53.6
Downside Intraday Target	52.61
Upside Intraday Target	55.5
Upside Intraday Target	56.41
Downside Intraday Target	54.51

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	54.60	54.80	55.41	53.51	0.275 times
11 Fri Oct 2024	54.62	56.19	56.47	52.21	0.986 times
04 Fri Oct 2024	55.69	57.51	58.11	54.06	0.814 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

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
15 Tue Oct 2024	54.60	56.99	57.80	52.21	0.232 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing momentum.

MACD generated a SELL signal for Patel Engineering in short term and the sell 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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Patel Engineering in short term but BUY 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

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 55.04 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 negative.

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