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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 2024-10-29 View latest technical analysis

10 day averaged volume of Patel Engineering is 5410136

Date Daily Closing Price Open High Low Volume
29 Tue Oct 2024 49.06 48.44 49.29 48.08 0.548 times
28 Mon Oct 2024 48.10 47.71 48.90 46.25 1.094 times
25 Fri Oct 2024 47.64 49.48 49.84 46.86 1.233 times
24 Thu Oct 2024 49.48 50.70 51.40 49.30 0.844 times
23 Wed Oct 2024 50.55 50.01 52.37 49.90 0.976 times
22 Tue Oct 2024 51.09 53.00 53.36 50.95 1.159 times
21 Mon Oct 2024 53.66 55.48 55.76 53.31 0.691 times
18 Fri Oct 2024 55.26 56.20 56.35 54.81 0.754 times
17 Thu Oct 2024 56.50 55.05 58.10 54.75 2.252 times
16 Wed Oct 2024 54.44 54.39 55.58 54.22 0.579 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.5, but if it comes above 50.5, then a intra day buy could be more profitable.
If you take a sell trade below 50.5, then use 50.5 as stoploss and 47.1 as target. However if you take a buy trade in stock , then use 50.5 as stoploss and 53.29 as target.

Share price targets for Patel Engineering (PATELENG)

Target Type Value
Downside Target 46.25
Upside Target 49.29
Upside Target 52.21
Upside Target 53.51
Upside Target 56.47
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 47.11
Downside Intraday Target 45.16
Upside Intraday Target 50.15
Upside Intraday Target 51.24
Downside Intraday Target 48.2

Weekly technical analysis of Patel Engineering (PATELENG)

Date Weekly Closing Price Open High Low Volume
29 Tue Oct 2024 49.06 47.71 49.29 46.25 0.335 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
29 Tue Oct 2024 49.06 56.99 58.10 46.25 0.564 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 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 losing 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 buy signal for Patel Engineering in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 51.93 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.

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 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 losing 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 buy signal for Patel Engineering in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 51.93 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.

Click here for Patel Engineering charts

Click here for further forecast and predictions for tomorrow

Daily charts

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