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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 2024-11-26 View latest technical analysis

10 day averaged volume of Patel Engineering is 6153019

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	51.48	52.53	53.39	50.84	0.775 times
25 Mon Nov 2024	52.42	53.00	53.64	52.05	0.479 times
22 Fri Nov 2024	51.69	50.61	52.40	50.61	0.521 times
21 Thu Nov 2024	52.03	53.10	53.62	51.61	0.743 times
19 Tue Nov 2024	53.32	53.29	54.40	52.75	1.019 times
18 Mon Nov 2024	52.80	51.50	53.79	51.06	1.342 times
14 Thu Nov 2024	51.12	51.70	52.75	50.95	1.404 times
13 Wed Nov 2024	50.01	48.42	51.97	46.90	3.241 times
12 Tue Nov 2024	49.00	50.50	50.97	48.60	0.338 times
11 Mon Nov 2024	50.21	51.20	51.20	49.98	0.415 times

My analysis of stock is bullish for shortterm, and stock might move up till 52.5 or till 54. Use a stoploss of 51.13 and if this stock hits its stoploss, then it can fall down till 49.8

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	55.84
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	50.33
Downside Intraday Target	49.19
Upside Intraday Target	53.13
Upside Intraday Target	54.79
Upside Intraday Target	51.99

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	51.48	53.00	53.64	50.84	0.346 times
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

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
26 Tue Nov 2024	51.48	51.74	54.40	46.90	0.812 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 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 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 to mid 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 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 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 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 51.28 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.