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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 2024-11-11 View latest technical analysis

10 day averaged volume of Patel Engineering is 3500441

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	50.21	51.20	51.20	49.98	0.73 times
08 Fri Nov 2024	51.50	51.50	52.30	50.69	0.875 times
07 Thu Nov 2024	51.67	52.64	53.25	51.52	1.228 times
06 Wed Nov 2024	52.64	51.00	52.75	50.83	1.102 times
05 Tue Nov 2024	50.80	49.98	51.25	49.84	0.778 times
04 Mon Nov 2024	50.36	52.08	52.09	49.90	0.968 times
01 Fri Nov 2024	52.08	51.74	52.28	51.42	0.349 times
31 Thu Oct 2024	51.56	50.82	51.92	50.12	0.942 times
30 Wed Oct 2024	50.82	49.19	51.32	49.07	1.218 times
29 Tue Oct 2024	49.06	48.44	49.29	48.08	0.847 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 49.3 as stoploss in an intra day buy trade for a target of 51.6. However, stock will show a bearish move below 49.3.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Downside Target	49.84
Upside Target	52.28
Upside Target	55.12
Upside Target	55.76
Upside Target	55.84
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	49.24
Upside Intraday Target	50.95
Upside Intraday Target	51.68
Upside Intraday Target	50.46

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	50.21	51.20	51.20	49.98	0.147 times
08 Fri Nov 2024	51.50	52.08	53.25	49.84	0.981 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

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
11 Mon Nov 2024	50.21	51.74	53.25	49.84	0.21 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining momentum.

MACD generated a BUY signal for Patel Engineering in short term but the buy signal is initial and weak.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Patel Engineering in short term and SELL signal is strong!

RSI is generating a SELL signal in short term

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 51.08 and Patel Engineering (PATELENG) stock is trading below this level. This means that stock is falling with high volumes. 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.