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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 735968

Date Daily Closing Price Open High Low Volume
02 Fri Dec 2022 19.20 19.50 19.85 18.90 4.835 times
01 Thu Dec 2022 19.55 20.05 20.10 19.40 4.078 times
30 Wed Nov 2022 20.00 20.65 20.65 19.90 0.548 times
29 Tue Nov 2022 20.35 20.70 20.90 20.20 0.388 times
28 Mon Nov 2022 20.85 21.25 21.70 20.65 4.159 times
25 Fri Nov 2022 21.65 21.95 21.95 21.45 0.204 times
24 Thu Nov 2022 21.50 21.85 22.05 21.35 0.139 times
23 Wed Nov 2022 21.40 21.55 21.80 21.25 0.138 times
22 Tue Nov 2022 21.50 21.35 21.85 21.35 0.076 times
21 Mon Nov 2022 21.70 22.15 22.15 21.55 0.092 times

Stock of Patel Engg (PatelEngg) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 19.4, for a target of 20.5 or 21.34

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 18.90
Upside Target 19.90
Upside Target 20.75
Upside Target 22.15
Upside Target 22.40
Upside Target 22.80
Upside Target 22.90
Upside Target 23.15
Upside Target 23.50
Upside Target 27.90
Upside Target 29.30

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 18.17
Downside Intraday Target 17.13
Upside Intraday Target 20.97
Upside Intraday Target 22.73
Upside Intraday Target 19.93

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
02 Fri Dec 2022 19.20 21.25 21.70 18.90 21.579 times
25 Fri Nov 2022 21.65 22.15 22.15 21.25 0.476 times
18 Fri Nov 2022 21.90 22.90 22.90 21.30 0.473 times
11 Fri Nov 2022 22.50 21.70 22.80 21.45 4.892 times
04 Fri Nov 2022 21.85 22.15 22.40 21.50 1.37 times

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

Monthly technical analysis of Patel Engg (PatelEngg)

Date Monthly Closing Price Open High Low Volume
02 Fri Dec 2022 19.20 20.05 20.10 18.90 0.853 times
30 Wed Nov 2022 20.00 22.00 22.90 19.90 2.619 times
31 Mon Oct 2022 22.00 21.00 23.50 20.75 0.162 times
30 Fri Sep 2022 21.00 26.35 27.90 20.90 3.357 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 7, 34, 67 Sell
MACD -1, -1Sell
Stochastics 6Sell
CCI -135Sell
RSI 54Buy
OBV -9294295Sell
VWAP 20Sell
ADL 0Sell
ROC -12Sell
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 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 19.93 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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