(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, 0 | Sell |
| Stochastics | 22 | Sell |
| CCI | -148 | Sell |
| RSI | 58 | Buy |
| OBV | -764409 | Sell |
| VWAP | 27 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
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
Click here for further forecast and predictions for tomorrow