(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, 2 | Sell |
| Stochastics | 24 | Sell |
| CCI | -209 | Sell |
| RSI | 64 | Buy |
| OBV | -1625212 | Sell |
| VWAP | 25 | Sell |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
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
Click here for further forecast and predictions for tomorrow