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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 2024-10-28 View latest technical analysis

10 day averaged volume of Patel Engineering is 5098593

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	48.10	47.71	48.90	46.25	1.161 times
25 Fri Oct 2024	47.64	49.48	49.84	46.86	1.308 times
24 Thu Oct 2024	49.48	50.70	51.40	49.30	0.895 times
23 Wed Oct 2024	50.55	50.01	52.37	49.90	1.035 times
22 Tue Oct 2024	51.09	53.00	53.36	50.95	1.23 times
21 Mon Oct 2024	53.66	55.48	55.76	53.31	0.733 times
18 Fri Oct 2024	55.26	56.20	56.35	54.81	0.8 times
17 Thu Oct 2024	56.50	55.05	58.10	54.75	2.39 times
16 Wed Oct 2024	54.44	54.39	55.58	54.22	0.615 times
15 Tue Oct 2024	54.60	54.25	54.95	54.20	0.444 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 47.6, for a target of 50.9 or 53.68

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Upside Target	48.90
Upside Target	50.20
Upside Target	52.21
Upside Target	53.51
Upside Target	58.10
Upside Target	58.11
Upside Target	59.98
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	46.6
Downside Intraday Target	45.1
Upside Intraday Target	49.25
Upside Intraday Target	50.4
Downside Intraday Target	47.75

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	48.10	47.71	48.90	46.25	0.223 times
25 Fri Oct 2024	47.64	55.48	55.76	46.86	1.084 times
18 Fri Oct 2024	55.26	54.80	58.10	53.51	1.327 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

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
28 Mon Oct 2024	48.10	56.99	58.10	46.25	0.546 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 weakening, and bulls are picking up momentum!

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

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 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 52.2 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.