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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 2022-04-20 View latest technical analysis

10 day averaged volume of Patel Engg is 241425

Date Daily Closing Price Open High Low Volume
20 Wed Apr 2022 27.75 27.40 27.95 26.70 1.017 times
19 Tue Apr 2022 26.65 27.40 28.20 26.45 1.676 times
18 Mon Apr 2022 27.05 27.00 27.75 26.80 1.045 times
13 Wed Apr 2022 28.15 27.95 28.40 27.50 0.814 times
12 Tue Apr 2022 27.45 27.80 28.65 27.15 0.703 times
11 Mon Apr 2022 28.10 28.75 28.90 27.70 0.59 times
08 Fri Apr 2022 27.75 28.25 28.65 27.40 0.602 times
07 Thu Apr 2022 28.20 29.45 29.45 27.85 1.666 times
06 Wed Apr 2022 28.80 28.40 29.00 27.50 1.478 times
05 Tue Apr 2022 27.90 27.70 28.45 27.45 0.78 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 28 as stoploss in an intra day sell trade for a target of 26.51. However, stock will show a bullish move above 28.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 20.95
Downside Target 23.15
Downside Target 24.60
Downside Target 25.10
Downside Target 26.45
Upside Target 28.20
Upside Target 28.90
Upside Target 29.45
Upside Target 31.50
Upside Target 33.70
Upside Target 34.95

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 26.73
Downside Intraday Target 25.72
Upside Intraday Target 28.48
Upside Intraday Target 29.22
Downside Intraday Target 27.47

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
20 Wed Apr 2022 27.75 27.00 28.20 26.45 1.774 times
13 Wed Apr 2022 28.15 28.75 28.90 27.15 0.407 times
08 Fri Apr 2022 27.75 26.70 29.45 26.70 1.414 times
01 Fri Apr 2022 25.90 26.15 27.45 24.60 1.483 times
25 Fri Mar 2022 24.95 25.40 25.40 23.20 1.286 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
20 Wed Apr 2022 27.75 25.10 29.45 25.10 1.012 times
31 Thu Mar 2022 24.70 25.00 27.45 23.15 1.15 times
28 Mon Feb 2022 25.15 30.40 31.50 23.50 0.411 times
31 Mon Jan 2022 29.95 32.30 33.70 26.95 0.332 times

Scroll below to view daily charts

Price has moved up 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 22, 14, 22 Buy
MACD 1, 1Buy
Stochastics 32None
CCI -68Buy
RSI 58Buy
OBV -727466Sell
VWAP 28Sell
ADL 0Sell
ROC 2Buy
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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Patel Engg in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Patel Engg Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and the buying is gaining 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 27.77 and Patel Engg (PatelEngg) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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

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Daily charts

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Daily chart

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