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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 7635281

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 56.90 57.90 59.10 56.50 0.693 times
27 Wed Mar 2024 57.40 56.60 58.60 55.85 1.017 times
26 Tue Mar 2024 56.15 56.75 57.90 55.80 0.644 times
22 Fri Mar 2024 56.85 56.80 57.45 55.75 0.783 times
21 Thu Mar 2024 56.55 56.45 58.20 55.65 0.958 times
20 Wed Mar 2024 55.30 55.20 55.90 52.95 0.787 times
19 Tue Mar 2024 54.85 56.25 56.25 54.40 0.721 times
18 Mon Mar 2024 56.15 56.75 58.00 54.80 0.86 times
15 Fri Mar 2024 55.65 56.40 57.50 54.15 1.083 times
14 Thu Mar 2024 55.95 51.50 56.70 51.05 1.517 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 54.6 as stoploss in an intra day buy trade for a target of 59.92. However, stock will show a bearish move below 54.6.

Share price targets for Patel Engineering (PATELENG)

Target Type Value
Downside Target 46.35
Downside Target 48.65
Downside Target 51.05
Downside Target 52.95
Downside Target 55.20
Upside Target 58.20
Upside Target 61.65
Upside Target 63.95
Upside Target 69.70
Upside Target 70.75
Upside Target 71.60
Upside Target 75.00
Upside Target 79.00

Intraday share price targets for Patel Engineering (PATELENG)

Target Type Value
Downside Intraday Target 55.43
Downside Intraday Target 53.97
Upside Intraday Target 58.73
Upside Intraday Target 60.57
Upside Intraday Target 57.27

Weekly technical analysis of Patel Engineering (PATELENG)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 56.90 56.75 59.10 55.80 0.573 times
22 Fri Mar 2024 56.85 56.75 58.20 52.95 0.648 times
15 Fri Mar 2024 55.65 63.75 64.70 51.05 1.884 times
07 Thu Mar 2024 63.45 70.50 71.60 61.65 0.545 times
02 Sat Mar 2024 67.95 71.10 75.00 65.10 1.203 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
28 Thu Mar 2024 56.90 69.00 71.60 51.05 0.489 times
29 Thu Feb 2024 67.85 70.00 79.00 63.95 1.545 times
31 Wed Jan 2024 69.05 61.70 70.75 58.20 0.737 times
29 Fri Dec 2023 60.15 49.05 69.70 48.65 3.259 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 buy signal for Patel Engineering in short term and BUY 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

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 56.18 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.

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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 buy signal for Patel Engineering in short term and BUY 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

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 56.18 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.

Click here for Patel Engineering charts

Click here for further forecast and predictions for tomorrow

Daily charts

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