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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 2022-05-18 View latest technical analysis

10 day averaged volume of Patel Engg is 118181

Date Daily Closing Price Open High Low Volume
18 Wed May 2022 25.50 25.50 25.50 25.50 0.277 times
17 Tue May 2022 24.30 24.30 24.30 24.30 0.08 times
16 Mon May 2022 23.15 23.15 23.15 23.15 0.385 times
13 Fri May 2022 22.05 21.80 22.05 21.45 0.6 times
12 Thu May 2022 21.00 21.35 21.55 20.75 1.248 times
11 Wed May 2022 21.80 22.05 22.35 21.35 1.883 times
10 Tue May 2022 22.45 22.15 23.00 22.15 0.934 times
09 Mon May 2022 22.55 22.60 23.70 22.50 1.352 times
06 Fri May 2022 23.65 23.95 23.95 22.95 1.37 times
05 Thu May 2022 24.05 24.45 24.80 23.80 0.993 times

My analysis of stock is bullish for shortterm, and stock might move up till 27 or till 29.6. Use a stoploss of 24.85 and if this stock hits its stoploss, then it can fall down till 22.68

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 20.75
Downside Target 22.95
Downside 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 23.93
Downside Intraday Target 22.37
Upside Intraday Target 26.28
Upside Intraday Target 27.07
Downside Intraday Target 24.72

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
18 Wed May 2022 25.50 23.15 25.50 23.15 0.123 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
18 Wed May 2022 25.50 25.70 26.10 20.75 0.372 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 37, 26, 18 Buy
MACD -1, -2Buy
Stochastics 72Buy
CCI 154Buy
RSI 60Buy
OBV -1407496Sell
VWAP 23Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 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 gaining momentum.

MACD generated a BUY signal for Patel Engg in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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 22.6 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 is giving positive 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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