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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 2025-01-10 View latest technical analysis

10 day averaged volume of Patel Engineering is 2861423

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri Jan 2025	48.28	49.00	49.58	47.51	1.741 times
09 Thu Jan 2025	48.90	49.43	49.55	48.57	0.837 times
08 Wed Jan 2025	49.43	50.42	50.46	49.05	1.204 times
07 Tue Jan 2025	50.34	50.00	50.75	49.37	1.071 times
06 Mon Jan 2025	49.64	52.65	52.80	49.22	2.026 times
03 Fri Jan 2025	52.65	52.62	53.54	52.50	0.976 times
02 Thu Jan 2025	52.85	52.43	53.30	51.91	0.918 times
01 Wed Jan 2025	52.06	51.97	52.57	51.70	0.665 times
31 Tue Dec 2024	51.97	50.90	52.14	50.79	0.778 times
30 Mon Dec 2024	50.88	51.99	52.09	50.70	0.885 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 49.8, but if it comes above 49.8, then a intra day buy could be more profitable.
If you take a sell trade below 49.8, then use 49.8 as stoploss and 46.4 as target. However if you take a buy trade in stock , then use 49.8 as stoploss and 52.67 as target.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Upside Target	50.70
Upside Target	51.80
Upside Target	54.40
Upside Target	55.12
Upside Target	55.45
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	46.26
Downside Intraday Target	44.24
Upside Intraday Target	51.55
Upside Intraday Target	54.82
Upside Intraday Target	49.53

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri Jan 2025	48.28	52.65	52.80	47.51	1.629 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Patel Engineering (PATELENG)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Fri Jan 2025	48.28	51.97	53.54	47.51	0.281 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 down 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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

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 red color and prices are below the red 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 50.35 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 negative.

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