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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 2022-05-10 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, -1Sell
Stochastics 6Sell
CCI -120Sell
RSI 58Buy
OBV -1826812Sell
VWAP 25Sell
ADL 0Sell
ROC -17Sell
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 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.

Click here for Patel Engg charts

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Daily charts

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Daily chart

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