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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 2024-12-13 View latest technical analysis

10 day averaged volume of Patel Engineering is 5554992

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	57.94	57.40	58.95	55.45	1.277 times
12 Thu Dec 2024	57.78	57.10	59.40	55.97	1.547 times
11 Wed Dec 2024	56.98	56.94	57.70	56.29	0.68 times
10 Tue Dec 2024	57.21	57.70	57.75	56.40	0.763 times
09 Mon Dec 2024	57.42	57.55	58.24	57.25	0.647 times
06 Fri Dec 2024	57.48	56.60	57.89	56.07	1.211 times
05 Thu Dec 2024	56.51	56.80	57.90	55.30	1.412 times
04 Wed Dec 2024	56.67	54.80	57.19	54.45	1.747 times
03 Tue Dec 2024	54.75	53.40	55.27	53.35	1.126 times
02 Mon Dec 2024	53.39	53.49	53.77	52.55	0.49 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.9, but if it comes below 56.9, then a intra day sell could be more profitable.
If you take a sell trade below 56.9, then use 56.9 as stoploss and 54.52 as target. However if you take a buy trade in stock , then use 56.9 as stoploss and 59.7 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	55.45
Downside Target	57.90
Upside Target	58.10
Upside Target	59.40
Upside Target	59.98
Upside Target	62.80

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	55.79
Downside Intraday Target	53.65
Upside Intraday Target	59.74
Upside Intraday Target	61.55
Downside Intraday Target	57.6

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	57.94	57.55	59.40	55.45	0.821 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 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
13 Fri Dec 2024	57.94	53.49	59.40	52.55	0.662 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Patel Engineering stock for short term is BUY. Signal strength is Strong 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 but buying is losing 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 56.8 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.