(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)
Intraday share price targets for Patel Engg (PatelEngg)
|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|
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.