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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 2024-12-17 View latest technical analysis

10 day averaged volume of Patel Engineering is 6523797

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	57.14	58.42	58.48	57.00	0.6 times
16 Mon Dec 2024	58.42	58.20	59.55	57.80	1.136 times
13 Fri Dec 2024	57.94	57.40	58.95	55.45	1.087 times
12 Thu Dec 2024	57.78	57.10	59.40	55.97	1.317 times
11 Wed Dec 2024	56.98	56.94	57.70	56.29	0.579 times
10 Tue Dec 2024	57.21	57.70	57.75	56.40	0.65 times
09 Mon Dec 2024	57.42	57.55	58.24	57.25	0.551 times
06 Fri Dec 2024	57.48	56.60	57.89	56.07	1.032 times
05 Thu Dec 2024	56.51	56.80	57.90	55.30	1.202 times
04 Wed Dec 2024	56.67	54.80	57.19	54.45	1.487 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 57.5 as stoploss in an intra day sell trade for a target of 55.11. However, stock will show a bullish move above 57.5.

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	57.00
Upside Target	57.90
Upside Target	58.10
Upside Target	59.40
Upside Target	59.55
Upside Target	59.98
Upside Target	62.80

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	56.24
Downside Intraday Target	55.35
Upside Intraday Target	58.79
Upside Intraday Target	60.45
Upside Intraday Target	57.9

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	57.14	58.20	59.55	57.00	0.415 times
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

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
17 Tue Dec 2024	57.14	53.49	59.55	52.55	0.785 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 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 Weak and stock is losing momentum.

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

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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 57.36 and Patel Engineering (PATELENG) stock is trading below this level. This means that stock is falling with high volumes. 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.