(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 2022-05-10 View latest technical analysis
10 day averaged volume of Patel Engg is 125300
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Tue May 2022 | 22.45 | 22.15 | 23.00 | 22.15 | 0.881 times |
| 09 Mon May 2022 | 22.55 | 22.60 | 23.70 | 22.50 | 1.275 times |
| 06 Fri May 2022 | 23.65 | 23.95 | 23.95 | 22.95 | 1.292 times |
| 05 Thu May 2022 | 24.05 | 24.45 | 24.80 | 23.80 | 0.936 times |
| 04 Wed May 2022 | 24.45 | 25.60 | 25.65 | 24.45 | 1.089 times |
| 02 Mon May 2022 | 25.70 | 25.70 | 26.10 | 24.60 | 0.816 times |
| 29 Fri Apr 2022 | 25.75 | 27.05 | 27.10 | 25.50 | 1.152 times |
| 28 Thu Apr 2022 | 26.80 | 26.60 | 27.45 | 25.95 | 1.212 times |
| 27 Wed Apr 2022 | 26.15 | 26.45 | 26.70 | 25.80 | 0.561 times |
| 26 Tue Apr 2022 | 26.60 | 27.00 | 27.35 | 26.50 | 0.65 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 22.2, for a target of 24.4 or 26.22
Share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Target | 22.15 |
| Upside Target | 22.95 |
| Upside Target | 25.10 |
| Upside Target | 26.10 |
| Upside Target | 27.15 |
| 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 | 21.83 |
| Downside Intraday Target | 21.22 |
| Upside Intraday Target | 23.38 |
| Upside Intraday Target | 24.32 |
| Upside Intraday Target | 22.77 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Tue May 2022 | 22.45 | 22.60 | 23.70 | 22.15 | 0.522 times |
| 06 Fri May 2022 | 23.65 | 25.70 | 26.10 | 22.95 | 0.9 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 |
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 |
| 10 Tue May 2022 | 22.45 | 25.70 | 26.10 | 22.15 | 0.222 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 | 11, 33, 48 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 6 | Sell |
| CCI | -120 | Sell |
| RSI | 58 | Buy |
| OBV | -1826812 | Sell |
| VWAP | 25 | Sell |
| ADL | 0 | Sell |
| ROC | -17 | 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 Strong 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 red color and prices are in or above the red 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 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 24.67 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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