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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 2021-11-25 View latest technical analysis

10 day averaged volume of Patel Engg is 212397

Date Daily Closing Price Open High Low Volume
25 Thu Nov 2021 23.15 23.35 23.35 22.40 0.761 times
24 Wed Nov 2021 22.85 22.55 23.40 22.55 0.719 times
23 Tue Nov 2021 22.60 22.30 23.20 22.25 0.508 times
22 Mon Nov 2021 22.15 23.30 23.30 21.95 0.775 times
18 Thu Nov 2021 23.25 23.30 23.90 22.45 2.013 times
17 Wed Nov 2021 23.40 23.50 23.95 23.25 0.898 times
16 Tue Nov 2021 23.55 23.60 24.20 23.15 1.075 times
15 Mon Nov 2021 23.60 24.05 24.35 23.50 1.035 times
12 Fri Nov 2021 24.30 24.25 24.85 24.25 0.937 times
11 Thu Nov 2021 24.45 24.95 25.10 24.30 0.439 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 23.1 as stoploss in an intra day buy trade for a target of 23.97. However, stock will show a bearish move below 23.1.

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 22.27
Downside Intraday Target 21.38
Upside Intraday Target 23.72
Upside Intraday Target 24.28
Downside Intraday Target 22.83

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
25 Thu Nov 2021 23.15 23.30 23.40 21.95 0.55 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
25 Thu Nov 2021 23.15 23.50 26.30 21.95 0.202 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 12, 20, 25 Sell
MACD 0, 1Sell
Stochastics 27Sell
CCI -53Buy
RSI 62Buy
OBV -717818Sell
VWAP 23Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining 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 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 but BUY signal is weak.

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 23.34 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.

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Daily charts

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Daily chart

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