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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 2025-01-03 View latest technical analysis

10 day averaged volume of Patel Engineering is 2617049

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	52.65	52.62	53.54	52.50	1.067 times
02 Thu Jan 2025	52.85	52.43	53.30	51.91	1.004 times
01 Wed Jan 2025	52.06	51.97	52.57	51.70	0.727 times
31 Tue Dec 2024	51.97	50.90	52.14	50.79	0.851 times
30 Mon Dec 2024	50.88	51.99	52.09	50.70	0.967 times
27 Fri Dec 2024	51.99	52.57	52.82	51.90	0.699 times
26 Thu Dec 2024	52.12	52.86	53.10	51.89	0.676 times
24 Tue Dec 2024	52.42	52.10	53.15	51.80	1.011 times
23 Mon Dec 2024	52.10	53.30	53.97	52.03	1.177 times
20 Fri Dec 2024	53.05	55.00	55.70	52.21	1.463 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 52.1 as stoploss in an intra day buy trade for a target of 54.69. However, stock will show a bearish move below 52.1.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Downside Target	50.70
Upside Target	54.40
Upside Target	55.12
Upside Target	55.45
Upside Target	57.90
Upside Target	58.10
Upside Target	59.40
Upside Target	59.55
Upside Target	62.80

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	51.05
Downside Intraday Target	49.46
Upside Intraday Target	53.89
Upside Intraday Target	55.14
Downside Intraday Target	52.3

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	52.65	51.99	53.54	50.70	1.295 times
27 Fri Dec 2024	51.99	53.30	53.97	51.80	0.437 times
20 Fri Dec 2024	53.05	58.20	59.55	52.21	0.782 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

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 Fri Jan 2025	52.65	51.97	53.54	51.70	0.076 times
31 Tue Dec 2024	51.97	53.49	59.55	50.70	1.049 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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Patel Engineering Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 52.27 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 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.