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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 2022-05-02 View latest technical analysis

10 day averaged volume of Patel Engg is 175456

Date Daily Closing Price Open High Low Volume
02 Mon May 2022 25.70 25.70 26.10 24.60 0.582 times
29 Fri Apr 2022 25.75 27.05 27.10 25.50 0.823 times
28 Thu Apr 2022 26.80 26.60 27.45 25.95 0.866 times
27 Wed Apr 2022 26.15 26.45 26.70 25.80 0.4 times
26 Tue Apr 2022 26.60 27.00 27.35 26.50 0.464 times
25 Mon Apr 2022 26.90 27.45 27.50 26.85 0.726 times
22 Fri Apr 2022 28.00 28.15 28.90 27.75 0.724 times
21 Thu Apr 2022 28.45 27.10 28.65 27.10 0.853 times
20 Wed Apr 2022 27.75 27.40 27.95 26.70 1.4 times
19 Tue Apr 2022 26.65 27.40 28.20 26.45 2.306 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 26.3, but if it comes above 26.3, then a intra day buy could be more profitable.
If you take a sell trade below 26.3, then use 26.3 as stoploss and 25.3 as target. However if you take a buy trade in stock , then use 26.3 as stoploss and 27.26 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 23.15
Downside Target 24.60
Downside Target 25.10
Upside Target 26.10
Upside Target 27.45
Upside Target 27.50
Upside Target 28.90
Upside Target 29.45
Upside Target 31.50
Upside Target 33.70

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 24.83
Downside Intraday Target 23.97
Upside Intraday Target 26.33
Upside Intraday Target 26.97
Downside Intraday Target 25.47

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
02 Mon May 2022 25.70 25.70 26.10 24.60 0.178 times
29 Fri Apr 2022 25.75 27.45 27.50 25.50 0.488 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

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
02 Mon May 2022 25.70 25.70 26.10 24.60 0.029 times
29 Fri Apr 2022 25.75 25.10 29.45 25.10 1.333 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

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 17, 26, 19 Sell
MACD -0, 0Sell
Stochastics 22Sell
CCI -148Sell
RSI 58Buy
OBV -764409Sell
VWAP 27Sell
ADL 0Sell
ROC -5Sell
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 Weak 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 green color and prices are in or below the green 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 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 26.96 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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