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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 2024-12-03 View latest technical analysis

10 day averaged volume of Patel Engineering is 4247546

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	54.75	53.40	55.27	53.35	1.473 times
02 Mon Dec 2024	53.39	53.49	53.77	52.55	0.641 times
29 Fri Nov 2024	53.21	53.50	53.74	52.63	0.493 times
28 Thu Nov 2024	53.31	53.40	54.10	52.91	0.901 times
27 Wed Nov 2024	52.96	51.60	53.19	51.35	0.896 times
26 Tue Nov 2024	51.48	52.53	53.39	50.84	1.123 times
25 Mon Nov 2024	52.42	53.00	53.64	52.05	0.694 times
22 Fri Nov 2024	51.69	50.61	52.40	50.61	0.754 times
21 Thu Nov 2024	52.03	53.10	53.62	51.61	1.077 times
19 Tue Nov 2024	53.32	53.29	54.40	52.75	1.476 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 55, for a target of 53.3 or 51.93

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Downside Target	49.84
Downside Target	52.55
Downside Target	54.40
Upside Target	55.12
Upside Target	55.27
Upside Target	58.10
Upside Target	59.98
Upside Target	62.80

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	53.11
Downside Intraday Target	51.47
Upside Intraday Target	55.83
Upside Intraday Target	56.91
Downside Intraday Target	54.19

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	54.75	53.49	55.27	52.55	0.515 times
29 Fri Nov 2024	53.21	53.00	54.10	50.84	0.782 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

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
03 Tue Dec 2024	54.75	53.49	55.27	52.55	0.098 times
29 Fri Nov 2024	53.21	51.74	54.40	46.90	0.909 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

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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 52.95 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 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.