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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 2025-01-21 View latest technical analysis

10 day averaged volume of Patel Engineering is 3386876

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	51.65	52.92	53.19	51.50	0.917 times
20 Mon Jan 2025	52.88	52.20	53.70	51.77	1.167 times
17 Fri Jan 2025	51.55	50.69	51.83	50.25	0.922 times
16 Thu Jan 2025	50.70	49.60	50.97	49.60	0.78 times
15 Wed Jan 2025	49.38	49.99	50.19	49.10	0.641 times
14 Tue Jan 2025	49.37	49.32	49.60	47.92	0.764 times
13 Mon Jan 2025	48.04	48.29	49.72	47.50	1.627 times
10 Fri Jan 2025	48.28	49.00	49.58	47.51	1.471 times
09 Thu Jan 2025	48.90	49.43	49.55	48.57	0.707 times
08 Wed Jan 2025	49.43	50.42	50.46	49.05	1.017 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 52.4 as stoploss in an intra day sell trade for a target of 50.86. However, stock will show a bullish move above 52.4.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Downside Target	50.70
Upside Target	53.54
Upside Target	53.70
Upside Target	53.97
Upside Target	54.40
Upside Target	55.12
Upside Target	58.10
Upside Target	59.55
Upside Target	62.80

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	50.87
Downside Intraday Target	50.08
Upside Intraday Target	53.07
Upside Intraday Target	54.48
Upside Intraday Target	52.28

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	51.65	52.20	53.70	51.50	0.44 times
17 Fri Jan 2025	51.55	48.29	51.83	47.50	0.814 times
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

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
21 Tue Jan 2025	51.65	51.97	53.70	47.50	0.522 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 but the buy signal is initial and weak.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term and selling is picking up 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 49.89 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 negative.

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