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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 2025-02-13 View latest technical analysis

10 day averaged volume of Patel Engineering is 2655979

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	47.73	47.44	48.51	45.68	2.278 times
12 Wed Feb 2025	45.72	44.44	47.53	42.61	3.015 times
11 Tue Feb 2025	44.30	46.50	46.69	43.90	1.13 times
10 Mon Feb 2025	46.70	47.60	47.67	46.51	0.606 times
07 Fri Feb 2025	47.44	48.40	48.40	47.32	0.701 times
06 Thu Feb 2025	48.26	48.10	48.49	47.66	0.63 times
05 Wed Feb 2025	47.73	48.10	48.95	47.59	0.749 times
04 Tue Feb 2025	47.79	47.69	48.34	47.12	0.723 times
03 Mon Feb 2025	47.35	47.75	48.40	47.12	0.66 times
31 Fri Jan 2025	49.61	47.50	49.83	47.44	1.054 times

Stock of Patel Engineering (PATELENG) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 46.3 or till 43.7. Use a stoploss of 48.48 and if the stock hits stoploss, then it can shoot up till 50.64

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	42.61
Downside Target	44.61
Downside Target	46.25
Upside Target	48.51
Upside Target	49.83
Upside Target	50.70
Upside Target	51.83
Upside Target	53.70
Upside Target	54.40
Upside Target	58.10
Upside Target	59.55

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	44.06
Downside Intraday Target	40.38
Upside Intraday Target	49.96
Upside Intraday Target	52.18
Downside Intraday Target	46.28

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	47.73	47.60	48.51	42.61	2.03 times
07 Fri Feb 2025	47.44	47.75	48.95	47.12	0.596 times
31 Fri Jan 2025	49.61	49.60	49.83	44.61	1.069 times
24 Fri Jan 2025	49.60	52.20	53.70	48.95	0.901 times
17 Fri Jan 2025	51.55	48.29	51.83	47.50	0.814 times

Price has moved up 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
13 Thu Feb 2025	47.73	47.75	48.95	42.61	0.382 times
31 Fri Jan 2025	49.61	51.97	53.70	44.61	0.759 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

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 neutral. A longer time frame might give a better analysis.

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 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 Strong 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 red color and prices are in or above the red cloud Prices appear to be moving up

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 46.98 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.