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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 199582

Date Daily Closing Price Open High Low Volume
29 Thu Sep 2022 21.65 22.00 22.10 21.10 0.72 times
28 Wed Sep 2022 21.65 21.60 22.35 21.55 0.394 times
27 Tue Sep 2022 22.10 22.30 22.70 21.80 0.701 times
26 Mon Sep 2022 21.95 22.70 22.70 21.75 0.839 times
23 Fri Sep 2022 22.80 23.70 23.80 22.55 1.006 times
22 Thu Sep 2022 23.50 23.30 24.25 23.30 0.754 times
21 Wed Sep 2022 23.35 23.55 23.80 22.85 1.197 times
20 Tue Sep 2022 23.50 24.15 24.45 23.35 0.957 times
19 Mon Sep 2022 24.15 23.60 24.65 23.60 1.027 times
16 Fri Sep 2022 23.80 25.00 25.05 23.80 1.835 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.7, but if it comes above 22.7, then a intra day buy could be more profitable.
If you take a sell trade below 22.7, then use 22.7 as stoploss and 20.4 as target. However if you take a buy trade in stock , then use 22.7 as stoploss and 24.57 as target.

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 26.00
Upside Target 26.90
Upside Target 27.20
Upside Target 27.30
Upside Target 27.90
Upside Target 28.10
Upside Target 29.30

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 20.93
Downside Intraday Target 20.22
Upside Intraday Target 22.53
Upside Intraday Target 23.42
Upside Intraday Target 21.82

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
29 Thu Sep 2022 21.65 22.70 22.70 21.10 0.537 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
02 Fri Sep 2022 26.25 25.00 27.30 25.00 0.358 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
29 Thu Sep 2022 21.65 26.35 27.90 21.10 2.846 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
30 Thu Jun 2022 21.85 25.15 26.90 19.70 0.591 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Patel Engg (PatelEngg)

Indicator Name Indicator Value Indicator Signal
ADX 10, 35, 57 Sell
MACD -2, -1Sell
Stochastics 8Sell
CCI -110Sell
RSI 49Sell
OBV -4774764Sell
VWAP 23Sell
ADL 0Sell
ROC -14Sell
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 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 gaining momentum.

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

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 coming down

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

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 23.07 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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