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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 2022-04-28 View latest technical analysis

10 day averaged volume of Patel Engg is 182471

Date Daily Closing Price Open High Low Volume
28 Thu Apr 2022 26.80 26.60 27.45 25.95 0.832 times
27 Wed Apr 2022 26.15 26.45 26.70 25.80 0.385 times
26 Tue Apr 2022 26.60 27.00 27.35 26.50 0.446 times
25 Mon Apr 2022 26.90 27.45 27.50 26.85 0.698 times
22 Fri Apr 2022 28.00 28.15 28.90 27.75 0.696 times
21 Thu Apr 2022 28.45 27.10 28.65 27.10 0.82 times
20 Wed Apr 2022 27.75 27.40 27.95 26.70 1.346 times
19 Tue Apr 2022 26.65 27.40 28.20 26.45 2.217 times
18 Mon Apr 2022 27.05 27.00 27.75 26.80 1.383 times
13 Wed Apr 2022 28.15 27.95 28.40 27.50 1.078 times

My analysis of stock is bearish for shortterm, and stock might move down till 26.2 or till 25. Use a stoploss of 27.22 and if the stock hits stoploss, then it can shoot up till 28.23

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 25.80
Downside Target 26.45
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 25.9
Downside Intraday Target 25
Upside Intraday Target 27.6
Upside Intraday Target 28.4
Downside Intraday Target 26.7

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
28 Thu Apr 2022 26.80 27.45 27.50 25.80 0.365 times
22 Fri Apr 2022 28.00 27.00 28.90 26.45 2.318 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

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
28 Thu Apr 2022 26.80 25.10 29.45 25.10 1.279 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 23, 20, 5 Buy
MACD 0, 0Sell
Stochastics 17Sell
CCI -72Buy
RSI 58Buy
OBV -603156Sell
VWAP 27Sell
ADL 0Sell
ROC -2Sell
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 BUY. Signal strength is Weak 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 27.27 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 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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