(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 127456
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Tue May 2022 | 24.30 | 24.30 | 24.30 | 24.30 | 0.074 times |
| 16 Mon May 2022 | 23.15 | 23.15 | 23.15 | 23.15 | 0.357 times |
| 13 Fri May 2022 | 22.05 | 21.80 | 22.05 | 21.45 | 0.556 times |
| 12 Thu May 2022 | 21.00 | 21.35 | 21.55 | 20.75 | 1.157 times |
| 11 Wed May 2022 | 21.80 | 22.05 | 22.35 | 21.35 | 1.746 times |
| 10 Tue May 2022 | 22.45 | 22.15 | 23.00 | 22.15 | 0.866 times |
| 09 Mon May 2022 | 22.55 | 22.60 | 23.70 | 22.50 | 1.254 times |
| 06 Fri May 2022 | 23.65 | 23.95 | 23.95 | 22.95 | 1.27 times |
| 05 Thu May 2022 | 24.05 | 24.45 | 24.80 | 23.80 | 0.92 times |
| 04 Wed May 2022 | 24.45 | 25.60 | 25.65 | 24.45 | 1.071 times |
My analysis of stock is bearish for shortterm, and stock might move down till 22.7 or till 20.1. Use a stoploss of 24.91 and if the stock hits stoploss, then it can shoot up till 27.11
Share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Target | 20.75 |
| Downside Target | 22.95 |
| Downside Target | 24.30 |
| Upside Target | 25.10 |
| Upside Target | 26.10 |
| Upside Target | 26.95 |
| Upside Target | 27.45 |
| Upside Target | 27.50 |
| Upside Target | 28.90 |
| Upside Target | 29.45 |
| Upside Target | 31.50 |
| Upside Target | 33.70 |
Intraday share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Intraday Target | 23.53 |
| Downside Intraday Target | 22.77 |
| Upside Intraday Target | 24.68 |
| Upside Intraday Target | 25.07 |
| Downside Intraday Target | 23.92 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Tue May 2022 | 24.30 | 23.15 | 24.30 | 23.15 | 0.077 times |
| 13 Fri May 2022 | 22.05 | 22.60 | 23.70 | 20.75 | 1.373 times |
| 06 Fri May 2022 | 23.65 | 25.70 | 26.10 | 22.95 | 0.9 times |
| 29 Fri Apr 2022 | 25.75 | 27.45 | 27.50 | 25.50 | 0.488 times |
| 22 Fri Apr 2022 | 28.00 | 27.00 | 28.90 | 26.45 | 2.318 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 |
| 17 Tue May 2022 | 24.30 | 25.70 | 26.10 | 20.75 | 0.362 times |
| 29 Fri Apr 2022 | 25.75 | 25.10 | 29.45 | 25.10 | 1.333 times |
| 31 Thu Mar 2022 | 24.70 | 25.00 | 27.45 | 23.15 | 1.15 times |
| 28 Mon Feb 2022 | 25.15 | 30.40 | 31.50 | 23.50 | 0.411 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 | 29, 28, 1 | Buy |
| MACD | -2, -2 | Sell |
| Stochastics | 46 | None |
| CCI | 87 | Buy |
| RSI | 59 | Buy |
| OBV | -1692494 | Sell |
| VWAP | 23 | Buy |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Patel Engg ( (PatelEngg) ) based on a short 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.
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 BUY. Signal strength is Weak 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 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 Engg 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 Engg is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 22.73 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.
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