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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 2024-11-22 View latest technical analysis

10 day averaged volume of Patel Engineering is 6353458

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	51.69	50.61	52.40	50.61	0.504 times
21 Thu Nov 2024	52.03	53.10	53.62	51.61	0.72 times
19 Tue Nov 2024	53.32	53.29	54.40	52.75	0.987 times
18 Mon Nov 2024	52.80	51.50	53.79	51.06	1.3 times
14 Thu Nov 2024	51.12	51.70	52.75	50.95	1.359 times
13 Wed Nov 2024	50.01	48.42	51.97	46.90	3.138 times
12 Tue Nov 2024	49.00	50.50	50.97	48.60	0.327 times
11 Mon Nov 2024	50.21	51.20	51.20	49.98	0.402 times
08 Fri Nov 2024	51.50	51.50	52.30	50.69	0.482 times
07 Thu Nov 2024	51.67	52.64	53.25	51.52	0.677 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 52.3 as stoploss in an intra day sell trade for a target of 50.79. However, stock will show a bullish move above 52.3.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Downside Target	49.84
Upside Target	52.28
Upside Target	54.40
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	50.07
Downside Intraday Target	48.44
Upside Intraday Target	53.86
Upside Intraday Target	56.02
Upside Intraday Target	52.23

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	51.69	51.50	54.40	50.61	0.672 times
14 Thu Nov 2024	51.12	51.20	52.75	46.90	1.916 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

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
22 Fri Nov 2024	51.69	51.74	54.40	46.90	0.736 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 up 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

RSI is generating a BUY signal in short term and the buying is gaining 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 51.25 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.