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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 2022-05-16 View latest technical analysis

10 day averaged volume of Patel Engg is 137338

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 23.15 23.15 23.15 23.15 0.332 times
13 Fri May 2022 22.05 21.80 22.05 21.45 0.516 times
12 Thu May 2022 21.00 21.35 21.55 20.75 1.074 times
11 Wed May 2022 21.80 22.05 22.35 21.35 1.621 times
10 Tue May 2022 22.45 22.15 23.00 22.15 0.804 times
09 Mon May 2022 22.55 22.60 23.70 22.50 1.163 times
06 Fri May 2022 23.65 23.95 23.95 22.95 1.179 times
05 Thu May 2022 24.05 24.45 24.80 23.80 0.854 times
04 Wed May 2022 24.45 25.60 25.65 24.45 0.994 times
02 Mon May 2022 25.70 25.70 26.10 24.60 0.744 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 22.8 as stoploss in an intra day buy trade for a target of 25.05. However, stock will show a bearish move below 22.8.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 20.75
Downside Target 22.95
Upside Target 25.10
Upside Target 26.10
Upside Target 26.45
Upside Target 26.95
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 23.15
Downside Intraday Target 23.15
Downside Intraday Target 23.15
Downside Intraday Target 23.15
Downside Intraday Target 23.15

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 23.15 23.15 23.15 23.15 0.064 times
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

Price has moved up 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
16 Mon May 2022 23.15 25.70 26.10 20.75 0.36 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 21, 32, 19 Sell
MACD -2, -2Sell
Stochastics 23Sell
CCI 0Buy
RSI 58Buy
OBV -1505293Sell
VWAP 23Buy
ADL 0Sell
ROC -10Sell
Force Index 0Sell

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

MACD generated a SELL signal for Patel Engg in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 and BUY 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

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 22.96 and Patel Engg (PatelEngg) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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