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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 2024-10-31 View latest technical analysis

10 day averaged volume of Patel Engineering is 5593127

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	51.56	50.82	51.92	50.12	0.59 times
30 Wed Oct 2024	50.82	49.19	51.32	49.07	0.762 times
29 Tue Oct 2024	49.06	48.44	49.29	48.08	0.53 times
28 Mon Oct 2024	48.10	47.71	48.90	46.25	1.059 times
25 Fri Oct 2024	47.64	49.48	49.84	46.86	1.193 times
24 Thu Oct 2024	49.48	50.70	51.40	49.30	0.816 times
23 Wed Oct 2024	50.55	50.01	52.37	49.90	0.944 times
22 Tue Oct 2024	51.09	53.00	53.36	50.95	1.121 times
21 Mon Oct 2024	53.66	55.48	55.76	53.31	0.668 times
18 Fri Oct 2024	55.26	56.20	56.35	54.81	0.729 times

My analysis of stock is bearish for shortterm, and stock might move down till 50.1 or till 46.9. Use a stoploss of 52.78 and if the stock hits stoploss, then it can shoot up till 55.46

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Downside Target	50.20
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	47.9
Downside Intraday Target	44.24
Upside Intraday Target	53.57
Upside Intraday Target	55.58
Downside Intraday Target	49.91

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	51.56	47.71	51.92	46.25	0.62 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
31 Thu Oct 2024	51.56	56.99	58.10	46.25	0.61 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 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 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 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 Weak and stock is losing momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

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 SELL signal in short term and selling is picking up 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 50.45 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 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.