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(PatelEngg) Patel Engg complete technical analysis [charts+indicators] | Buy/Sell Patel Engg | (PatelEngg) share price targets

Complete technical analysis of Patel Engg (PatelEngg) by charts plus indicators, forecast predictions and share price targets for Patel Engg (PatelEngg)

10 day averaged volume of Patel Engg is 218145

Date Daily Closing Price Open High Low Volume
27 Thu Jan 2022 27.30 27.30 28.10 27.00 0.66 times
25 Tue Jan 2022 28.20 27.00 28.80 26.95 0.886 times
24 Mon Jan 2022 28.35 29.05 29.65 28.30 0.859 times
21 Fri Jan 2022 29.75 30.35 30.60 29.10 0.698 times
20 Thu Jan 2022 30.35 30.40 31.00 29.70 0.534 times
19 Wed Jan 2022 30.45 30.85 30.95 29.35 0.832 times
18 Tue Jan 2022 30.85 32.15 32.85 30.85 0.685 times
17 Mon Jan 2022 32.45 33.70 33.70 32.10 1.299 times
14 Fri Jan 2022 33.20 32.20 33.35 31.05 1.485 times
13 Thu Jan 2022 31.80 32.70 32.70 31.00 0.735 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 27.4, for a target of 29.3 or 30.81

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 15.10
Downside Target 19.70
Downside Target 20.35
Downside Target 20.95
Downside Target 21.45
Downside Target 26.30
Downside Target 26.95
Upside Target 28.60
Upside Target 31.70
Upside Target 32.70
Upside Target 33.35
Upside Target 33.70
Upside Target 34.95

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 26.28
Downside Intraday Target 25.27
Upside Intraday Target 28.98
Upside Intraday Target 30.67
Upside Intraday Target 27.97

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
27 Thu Jan 2022 27.30 29.05 29.65 26.95 0.594 times
21 Fri Jan 2022 29.75 33.70 33.70 29.10 0.536 times
14 Fri Jan 2022 33.20 30.80 33.35 29.10 0.822 times
07 Fri Jan 2022 30.60 32.30 32.70 29.25 0.362 times
31 Fri Dec 2021 31.95 29.10 34.95 28.60 2.665 times

Price has moved down 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 Engg (PatelEngg)

Date Monthly Closing Price Open High Low Volume
27 Thu Jan 2022 27.30 32.30 33.70 26.95 0.299 times
31 Fri Dec 2021 31.95 21.25 34.95 20.95 3.246 times
30 Tue Nov 2021 21.25 23.50 26.30 20.35 0.232 times
29 Fri Oct 2021 23.95 20.90 31.70 19.70 1.672 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 Engg (PatelEngg)

Indicator Name Indicator Value Indicator Signal
ADX 14, 30, 37 Sell
MACD 1, 1Sell
Stochastics 8Sell
CCI -130Sell
RSI 60Buy
OBV 892159Sell
VWAP 31Sell
ADL 0Sell
ROC -15Sell
Force Index 0Sell

Price action analysis of Patel Engg ( (PatelEngg) ) 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 Engg ( (PatelEngg) ) 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 Engg ( (PatelEngg) ) 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 Engg ( (PatelEngg) ) based on a mid to longer 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.

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

MACD generated a SELL signal for Patel Engg in short term but the sell signal is initial and weak.

Patel Engg 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Patel Engg in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Patel Engg is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 30.63 and Patel Engg (PatelEngg) 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 Engg (PatelEngg) stock. Volume based technical analysis of Patel Engg (PatelEngg) stock is negative.

Patel Engg 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.

Click here for Patel Engg charts

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Daily charts

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Daily chart

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