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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 2024-10-17 View latest technical analysis

10 day averaged volume of Patel Engineering is 3583375

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	56.50	55.05	58.10	54.75	3.4 times
16 Wed Oct 2024	54.44	54.39	55.58	54.22	0.875 times
15 Tue Oct 2024	54.60	54.25	54.95	54.20	0.632 times
14 Mon Oct 2024	54.13	54.80	55.41	53.51	0.783 times
11 Fri Oct 2024	54.62	55.01	55.78	54.50	0.706 times
10 Thu Oct 2024	55.18	55.75	56.47	55.09	0.727 times
09 Wed Oct 2024	55.39	55.28	56.33	54.95	0.823 times
08 Tue Oct 2024	54.95	52.50	55.25	52.21	1.277 times
07 Mon Oct 2024	52.94	56.19	56.20	52.55	1.612 times
04 Fri Oct 2024	55.69	55.26	56.75	54.06	1.323 times

Stock of Patel Engineering (PATELENG) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 58.3 or till 60.5. Use a stoploss of 56.37 and if this stock hits its stoploss, then it can fall down till 54.49

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	50.20
Downside Target	52.21
Downside Target	53.51
Upside Target	58.10
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	53.97
Downside Intraday Target	51.45
Upside Intraday Target	58.56
Upside Intraday Target	60.63
Downside Intraday Target	56.04

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	56.50	54.80	58.10	53.51	1.106 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 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
17 Thu Oct 2024	56.50	56.99	58.10	52.21	0.325 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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

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

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 55.11 and Patel Engineering (PATELENG) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.