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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 2022-05-17 View latest technical analysis

10 day averaged volume of Patel Engg is 127456

Date Daily Closing Price Open High Low Volume
17 Tue May 2022 24.30 24.30 24.30 24.30 0.074 times
16 Mon May 2022 23.15 23.15 23.15 23.15 0.357 times
13 Fri May 2022 22.05 21.80 22.05 21.45 0.556 times
12 Thu May 2022 21.00 21.35 21.55 20.75 1.157 times
11 Wed May 2022 21.80 22.05 22.35 21.35 1.746 times
10 Tue May 2022 22.45 22.15 23.00 22.15 0.866 times
09 Mon May 2022 22.55 22.60 23.70 22.50 1.254 times
06 Fri May 2022 23.65 23.95 23.95 22.95 1.27 times
05 Thu May 2022 24.05 24.45 24.80 23.80 0.92 times
04 Wed May 2022 24.45 25.60 25.65 24.45 1.071 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.7 or till 20.1. Use a stoploss of 24.91 and if the stock hits stoploss, then it can shoot up till 27.11

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 20.75
Downside Target 22.95
Downside Target 24.30
Upside Target 25.10
Upside Target 26.10
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 23.53
Downside Intraday Target 22.77
Upside Intraday Target 24.68
Upside Intraday Target 25.07
Downside Intraday Target 23.92

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
17 Tue May 2022 24.30 23.15 24.30 23.15 0.077 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
17 Tue May 2022 24.30 25.70 26.10 20.75 0.362 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 29, 28, 1 Buy
MACD -2, -2Sell
Stochastics 46None
CCI 87Buy
RSI 59Buy
OBV -1692494Sell
VWAP 23Buy
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 22.73 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.

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Daily charts

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Daily chart

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