(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 2022-05-13 View latest technical analysis
10 day averaged volume of Patel Engg is 145433
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Fri May 2022 | 22.05 | 21.80 | 22.05 | 21.45 | 0.488 times |
| 12 Thu May 2022 | 21.00 | 21.35 | 21.55 | 20.75 | 1.014 times |
| 11 Wed May 2022 | 21.80 | 22.05 | 22.35 | 21.35 | 1.531 times |
| 10 Tue May 2022 | 22.45 | 22.15 | 23.00 | 22.15 | 0.759 times |
| 09 Mon May 2022 | 22.55 | 22.60 | 23.70 | 22.50 | 1.099 times |
| 06 Fri May 2022 | 23.65 | 23.95 | 23.95 | 22.95 | 1.113 times |
| 05 Thu May 2022 | 24.05 | 24.45 | 24.80 | 23.80 | 0.807 times |
| 04 Wed May 2022 | 24.45 | 25.60 | 25.65 | 24.45 | 0.939 times |
| 02 Mon May 2022 | 25.70 | 25.70 | 26.10 | 24.60 | 0.703 times |
| 29 Fri Apr 2022 | 25.75 | 27.05 | 27.10 | 25.50 | 0.993 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23, but if it comes above 23, then a intra day buy could be more profitable.
If you take a sell trade below 23, then use 23 as stoploss and 20.2 as target. However if you take a buy trade in stock , then use 23 as stoploss and 25.3 as target.
Share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Target | 20.75 |
| 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 | 20.63 |
| Downside Intraday Target | 19.22 |
| Upside Intraday Target | 23.58 |
| Upside Intraday Target | 25.12 |
| Upside Intraday Target | 22.17 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Fri May 2022 | 22.05 | 22.60 | 23.70 | 20.75 | 1.373 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 |
| 13 Fri May 2022 | 22.05 | 25.70 | 26.10 | 20.75 | 0.347 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 | 14, 35, 44 | Sell |
| MACD | -2, -1 | Sell |
| Stochastics | 11 | Sell |
| CCI | -76 | Buy |
| RSI | 57 | Buy |
| OBV | -1720606 | Sell |
| VWAP | 23 | Sell |
| ADL | 0 | Sell |
| ROC | -18 | 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 losing 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 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 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 23.25 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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