(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 2021-11-24 View latest technical analysis
10 day averaged volume of Patel Engg is 217320
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Wed Nov 2021 | 22.85 | 22.55 | 23.40 | 22.55 | 0.703 times |
| 23 Tue Nov 2021 | 22.60 | 22.30 | 23.20 | 22.25 | 0.497 times |
| 22 Mon Nov 2021 | 22.15 | 23.30 | 23.30 | 21.95 | 0.758 times |
| 18 Thu Nov 2021 | 23.25 | 23.30 | 23.90 | 22.45 | 1.967 times |
| 17 Wed Nov 2021 | 23.40 | 23.50 | 23.95 | 23.25 | 0.878 times |
| 16 Tue Nov 2021 | 23.55 | 23.60 | 24.20 | 23.15 | 1.05 times |
| 15 Mon Nov 2021 | 23.60 | 24.05 | 24.35 | 23.50 | 1.012 times |
| 12 Fri Nov 2021 | 24.30 | 24.25 | 24.85 | 24.25 | 0.916 times |
| 11 Thu Nov 2021 | 24.45 | 24.95 | 25.10 | 24.30 | 0.429 times |
| 10 Wed Nov 2021 | 24.75 | 24.40 | 25.65 | 24.10 | 1.565 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.2, but if it comes above 23.2, then a intra day buy could be more profitable.
If you take a sell trade below 23.2, then use 23.2 as stoploss and 22.1 as target. However if you take a buy trade in stock , then use 23.2 as stoploss and 24.09 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 | 21.95 |
| Downside Target | 22.45 |
| Upside Target | 23.40 |
| Upside Target | 24.35 |
| Upside Target | 25.65 |
| Upside Target | 26.30 |
| Upside Target | 26.55 |
| Upside Target | 31.70 |
Intraday share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Intraday Target | 22.07 |
| Downside Intraday Target | 21.28 |
| Upside Intraday Target | 23.52 |
| Upside Intraday Target | 24.18 |
| Downside Intraday Target | 22.73 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Wed Nov 2021 | 22.85 | 23.30 | 23.40 | 21.95 | 0.399 times |
| 18 Thu Nov 2021 | 23.25 | 24.05 | 24.35 | 22.45 | 0.897 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 |
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 |
| 24 Wed Nov 2021 | 22.85 | 23.50 | 26.30 | 21.95 | 0.194 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 | 14, 21, 21 | Sell |
| MACD | 0, 1 | Sell |
| Stochastics | 16 | Sell |
| CCI | -70 | Buy |
| RSI | 63 | Buy |
| OBV | -1456555 | Sell |
| VWAP | 24 | Sell |
| ADL | 0 | Sell |
| ROC | -7 | Sell |
| Force Index | 0 | Sell |
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 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 SELL. Signal strength is Strong 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 moving up
CCI has generated a buy signal for Patel Engg in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 23.58 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