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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 445451

Date Daily Closing Price Open High Low Volume
04 Tue Oct 2022 22.40 22.30 22.65 21.75 0.308 times
03 Mon Oct 2022 21.60 21.00 22.05 20.75 0.857 times
30 Fri Sep 2022 21.00 21.55 21.90 20.90 6.2 times
29 Thu Sep 2022 21.65 22.00 22.10 21.10 0.323 times
28 Wed Sep 2022 21.65 21.60 22.35 21.55 0.177 times
27 Tue Sep 2022 22.10 22.30 22.70 21.80 0.314 times
26 Mon Sep 2022 21.95 22.70 22.70 21.75 0.376 times
23 Fri Sep 2022 22.80 23.70 23.80 22.55 0.451 times
22 Thu Sep 2022 23.50 23.30 24.25 23.30 0.338 times
21 Wed Sep 2022 23.35 23.55 23.80 22.85 0.536 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 21.9 as stoploss in an intra day buy trade for a target of 23.84. However, stock will show a bearish move below 21.9.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 19.70
Downside Target 20.55
Upside Target 22.55
Upside Target 23.80
Upside Target 24.35
Upside Target 24.65
Upside Target 26.00
Upside Target 26.90
Upside Target 27.20
Upside Target 27.90
Upside Target 29.30

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 21.22
Downside Intraday Target 20.03
Upside Intraday Target 23.12
Upside Intraday Target 23.83
Downside Intraday Target 21.93

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
04 Tue Oct 2022 22.40 21.00 22.65 20.75 0.158 times
30 Fri Sep 2022 21.00 22.70 22.70 20.90 3.337 times
23 Fri Sep 2022 22.80 23.60 24.65 22.55 0.736 times
16 Fri Sep 2022 23.80 26.85 27.20 23.80 0.109 times
09 Fri Sep 2022 26.80 26.00 27.90 26.00 14.884 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 Engg (PatelEngg)

Date Monthly Closing Price Open High Low Volume
04 Tue Oct 2022 22.40 21.00 22.65 20.75 0.029 times
30 Fri Sep 2022 21.00 26.35 27.90 20.90 3.357 times
30 Tue Aug 2022 26.45 23.15 29.30 23.15 2.892 times
29 Fri Jul 2022 23.25 21.85 24.35 20.55 0.699 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 Engg (PatelEngg)

Indicator Name Indicator Value Indicator Signal
ADX 14, 26, 30 Sell
MACD -2, -1Sell
Stochastics 24Sell
CCI -2Buy
RSI 50Sell
OBV -7537710Sell
VWAP 21Buy
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Engg stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Patel Engg 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 Engg Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Patel Engg in short term but BUY signal is weak.

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 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 21.49 and Patel Engg (PatelEngg) stock is trading above this level. This is a good sign for the stock and it could move higher. 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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