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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 2024-11-05 View latest technical analysis

10 day averaged volume of Patel Engineering is 4384590

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	50.80	49.98	51.25	49.84	0.621 times
04 Mon Nov 2024	50.36	52.08	52.09	49.90	0.773 times
01 Fri Nov 2024	52.08	51.74	52.28	51.42	0.279 times
31 Thu Oct 2024	51.56	50.82	51.92	50.12	0.752 times
30 Wed Oct 2024	50.82	49.19	51.32	49.07	0.972 times
29 Tue Oct 2024	49.06	48.44	49.29	48.08	0.676 times
28 Mon Oct 2024	48.10	47.71	48.90	46.25	1.35 times
25 Fri Oct 2024	47.64	49.48	49.84	46.86	1.521 times
24 Thu Oct 2024	49.48	50.70	51.40	49.30	1.041 times
23 Wed Oct 2024	50.55	50.01	52.37	49.90	1.204 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 49.7 as stoploss in an intra day buy trade for a target of 52.27. However, stock will show a bearish move below 49.7.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Downside Target	49.84
Upside Target	50.96
Upside Target	52.09
Upside Target	53.51
Upside Target	55.12
Upside Target	55.84
Upside Target	56.47
Upside Target	58.10
Upside Target	59.98
Upside Target	62.80
Upside Target	70.00

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	49.73
Downside Intraday Target	48.66
Upside Intraday Target	51.98
Upside Intraday Target	53.16
Upside Intraday Target	50.91

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	50.80	52.08	52.09	49.84	0.346 times
01 Fri Nov 2024	52.08	47.71	52.28	46.25	0.666 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

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
05 Tue Nov 2024	50.80	51.74	52.28	49.84	0.073 times
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

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Patel Engineering ( (PATELENG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 below the red cloud Prices appear to be moving up

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

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 49.64 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.