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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 2024-12-19 View latest technical analysis

10 day averaged volume of Patel Engineering is 5567171

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	55.30	54.50	55.60	54.34	0.669 times
18 Wed Dec 2024	55.97	57.16	57.34	55.79	0.445 times
17 Tue Dec 2024	57.14	58.42	58.48	57.00	0.704 times
16 Mon Dec 2024	58.42	58.20	59.55	57.80	1.331 times
13 Fri Dec 2024	57.94	57.40	58.95	55.45	1.274 times
12 Thu Dec 2024	57.78	57.10	59.40	55.97	1.544 times
11 Wed Dec 2024	56.98	56.94	57.70	56.29	0.678 times
10 Tue Dec 2024	57.21	57.70	57.75	56.40	0.761 times
09 Mon Dec 2024	57.42	57.55	58.24	57.25	0.646 times
06 Fri Dec 2024	57.48	56.60	57.89	56.07	1.209 times

My analysis of stock is bearish for shortterm, and stock might move down till 53.2 or till 50.5. Use a stoploss of 55.4 and if the stock hits stoploss, then it can shoot up till 57.63

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
Upside Target	55.45
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	53.24
Downside Intraday Target	51.19
Upside Intraday Target	58.45
Upside Intraday Target	61.61
Upside Intraday Target	56.4

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	55.30	58.20	59.55	54.34	0.642 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
19 Thu Dec 2024	55.30	53.49	59.55	52.55	0.853 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Patel Engineering stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Patel Engineering in short term but the sell signal is initial and weak.

Patel Engineering Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Patel Engineering in short term and SELL 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 57.41 and Patel Engineering (PATELENG) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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