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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 2024-12-10 View latest technical analysis

10 day averaged volume of Patel Engineering is 5134650

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	57.21	57.70	57.75	56.40	0.825 times
09 Mon Dec 2024	57.42	57.55	58.24	57.25	0.7 times
06 Fri Dec 2024	57.48	56.60	57.89	56.07	1.311 times
05 Thu Dec 2024	56.51	56.80	57.90	55.30	1.527 times
04 Wed Dec 2024	56.67	54.80	57.19	54.45	1.89 times
03 Tue Dec 2024	54.75	53.40	55.27	53.35	1.218 times
02 Mon Dec 2024	53.39	53.49	53.77	52.55	0.531 times
29 Fri Nov 2024	53.21	53.50	53.74	52.63	0.408 times
28 Thu Nov 2024	53.31	53.40	54.10	52.91	0.746 times
27 Wed Nov 2024	52.96	51.60	53.19	51.35	0.741 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55.9, but if it comes below 55.9, then a intra day sell could be more profitable.
If you take a sell trade below 55.9, then use 55.9 as stoploss and 53.35 as target. However if you take a buy trade in stock , then use 55.9 as stoploss and 58.9 as target.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Downside Target	50.61
Downside Target	52.55
Downside Target	54.10
Downside Target	55.12
Downside Target	56.40
Upside Target	57.90
Upside Target	58.10
Upside Target	58.24
Upside Target	59.98
Upside Target	62.80

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	56.33
Downside Intraday Target	55.44
Upside Intraday Target	58.17
Upside Intraday Target	59.12
Upside Intraday Target	57.28

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	57.21	57.55	58.24	56.40	0.236 times
06 Fri Dec 2024	57.48	53.49	57.90	52.55	1.906 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

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
10 Tue Dec 2024	57.21	53.49	58.24	52.55	0.449 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 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 55.77 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.