(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 2022-04-21 View latest technical analysis
10 day averaged volume of Patel Engg is 250384
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Thu Apr 2022 | 28.45 | 27.10 | 28.65 | 27.10 | 0.598 times |
| 20 Wed Apr 2022 | 27.75 | 27.40 | 27.95 | 26.70 | 0.981 times |
| 19 Tue Apr 2022 | 26.65 | 27.40 | 28.20 | 26.45 | 1.616 times |
| 18 Mon Apr 2022 | 27.05 | 27.00 | 27.75 | 26.80 | 1.008 times |
| 13 Wed Apr 2022 | 28.15 | 27.95 | 28.40 | 27.50 | 0.785 times |
| 12 Tue Apr 2022 | 27.45 | 27.80 | 28.65 | 27.15 | 0.678 times |
| 11 Mon Apr 2022 | 28.10 | 28.75 | 28.90 | 27.70 | 0.568 times |
| 08 Fri Apr 2022 | 27.75 | 28.25 | 28.65 | 27.40 | 0.581 times |
| 07 Thu Apr 2022 | 28.20 | 29.45 | 29.45 | 27.85 | 1.607 times |
| 06 Wed Apr 2022 | 28.80 | 28.40 | 29.00 | 27.50 | 1.425 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 28.2, but if it comes below 28.2, then a intra day sell could be more profitable.
If you take a sell trade below 28.2, then use 28.2 as stoploss and 26.7 as target. However if you take a buy trade in stock , then use 28.2 as stoploss and 30 as target.
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 | 28.65 |
| 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 | 27.05 |
| Downside Intraday Target | 25.65 |
| Upside Intraday Target | 29.25 |
| Upside Intraday Target | 30.05 |
| Downside Intraday Target | 27.85 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Thu Apr 2022 | 28.45 | 27.00 | 28.65 | 26.45 | 2.068 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 up 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 |
| 21 Thu Apr 2022 | 28.45 | 25.10 | 29.45 | 25.10 | 1.069 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 | 25, 12, 33 | Buy |
| MACD | 1, 1 | Buy |
| Stochastics | 39 | None |
| CCI | 33 | Buy |
| RSI | 57 | Buy |
| OBV | -497297 | Sell |
| VWAP | 28 | Buy |
| ADL | 0 | Sell |
| ROC | 2 | Buy |
| Force Index | 0 | Sell |
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Patel Engg in short term and BUY signal is strong.
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 27.8 and Patel Engg (PatelEngg) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.
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