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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)

Showing technical analysis as on 2021-11-15 View latest technical analysis

10 day averaged volume of Patel Engg is 301858

Date Daily Closing Price Open High Low Volume
15 Mon Nov 2021 23.60 24.05 24.35 23.50 0.728 times
12 Fri Nov 2021 24.30 24.25 24.85 24.25 0.659 times
11 Thu Nov 2021 24.45 24.95 25.10 24.30 0.309 times
10 Wed Nov 2021 24.75 24.40 25.65 24.10 1.126 times
09 Tue Nov 2021 24.45 24.65 25.05 24.35 0.669 times
08 Mon Nov 2021 24.65 24.80 25.35 23.65 1.175 times
04 Thu Nov 2021 24.50 24.00 24.75 24.00 0.106 times
03 Wed Nov 2021 24.05 25.25 25.30 24.00 0.719 times
02 Tue Nov 2021 24.90 25.80 25.80 24.40 1.485 times
01 Mon Nov 2021 25.35 23.50 26.30 23.50 3.272 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.9, but if it comes above 23.9, then a intra day buy could be more profitable.
If you take a sell trade below 23.9, then use 23.9 as stoploss and 23 as target. However if you take a buy trade in stock , then use 23.9 as stoploss and 24.72 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 13.82
Downside Target 14.95
Downside Target 19.25
Downside Target 19.70
Downside Target 21.45
Downside Target 22.75
Downside Target 23.50
Upside Target 25.65
Upside Target 26.30
Upside Target 26.55
Upside Target 28.45
Upside Target 31.70

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 23.28
Downside Intraday Target 22.97
Upside Intraday Target 24.13
Upside Intraday Target 24.67
Upside Intraday Target 23.82

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
15 Mon Nov 2021 23.60 24.05 24.35 23.50 0.185 times
12 Fri Nov 2021 24.30 24.80 25.65 23.65 0.705 times
04 Thu Nov 2021 24.50 23.50 26.30 23.50 1.094 times
29 Fri Oct 2021 23.95 25.00 26.55 22.75 0.675 times
22 Fri Oct 2021 24.45 28.00 28.45 24.05 0.972 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
15 Mon Nov 2021 23.60 23.50 26.30 23.50 0.138 times
29 Fri Oct 2021 23.95 20.90 31.70 19.70 1.672 times
30 Thu Sep 2021 20.80 15.85 21.45 15.10 0.624 times
31 Tue Aug 2021 15.70 15.10 19.25 13.82 2.966 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 21, 18, 5 Buy
MACD 1, 2Sell
Stochastics 24Sell
CCI -209Sell
RSI 64Buy
OBV -1625212Sell
VWAP 25Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY. Signal strength is Weak and stock is losing 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 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 24.76 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 positive

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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