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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.

10 day averaged volume of Patel Engineering is 6694909

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	61.85	57.00	63.20	56.30	6 times
07 Thu Dec 2023	56.60	55.50	59.70	54.45	4.597 times
06 Wed Dec 2023	54.10	53.90	55.20	52.05	1.107 times
05 Tue Dec 2023	53.10	54.05	54.05	51.50	1.987 times
04 Mon Dec 2023	51.50	51.00	51.50	50.95	0.136 times
01 Fri Dec 2023	49.05	49.05	50.85	48.65	0.373 times
30 Thu Nov 2023	48.45	47.65	49.50	47.65	0.556 times
29 Wed Nov 2023	49.70	50.25	51.05	49.50	0.3 times
28 Tue Nov 2023	50.25	51.30	52.20	49.75	0.322 times
24 Fri Nov 2023	51.05	52.30	52.50	50.50	0.257 times

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

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 59.1, for a target of 54.7 or 50.98

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	42.05
Downside Target	46.35
Downside Target	47.65
Downside Target	48.65
Downside Target	50.50
Downside Target	52.20
Downside Target	53.45
Downside Target	55.20
Downside Target	59.85
Upside Target	62.00
Upside Target	63.20

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	54.13
Downside Intraday Target	46.42
Upside Intraday Target	66.38
Upside Intraday Target	70.92
Downside Intraday Target	58.67

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	61.85	51.00	63.20	50.95	8.913 times
01 Fri Dec 2023	49.05	51.30	52.20	47.65	0.423 times
24 Fri Nov 2023	51.05	51.00	55.20	50.50	2.205 times
17 Fri Nov 2023	49.05	47.20	49.05	46.35	0.896 times
10 Fri Nov 2023	46.70	49.15	49.45	46.40	0.618 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
08 Fri Dec 2023	61.85	49.05	63.20	48.65	1.35 times
30 Thu Nov 2023	48.45	48.90	55.20	46.35	0.897 times
31 Tue Oct 2023	48.40	51.80	53.45	42.05	0.595 times
29 Fri Sep 2023	51.75	57.60	59.85	48.80	1.023 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Patel Engineering in short term and the buy signal is strong.

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 green color and prices are above the green 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

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 57.12 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 positive

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