(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 2022-05-26 View latest technical analysis
10 day averaged volume of Patel Engg is 255288
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Thu May 2022 | 23.40 | 23.75 | 24.70 | 23.35 | 1.427 times |
| 25 Wed May 2022 | 24.55 | 25.95 | 26.50 | 24.55 | 0.716 times |
| 24 Tue May 2022 | 25.80 | 27.85 | 27.85 | 25.80 | 1.34 times |
| 23 Mon May 2022 | 27.15 | 28.10 | 28.10 | 26.70 | 3.737 times |
| 20 Fri May 2022 | 26.80 | 26.25 | 26.80 | 26.15 | 0.223 times |
| 19 Thu May 2022 | 25.55 | 24.30 | 26.75 | 24.30 | 2.784 times |
| 18 Wed May 2022 | 25.50 | 25.50 | 25.50 | 25.50 | 0.128 times |
| 17 Tue May 2022 | 24.30 | 24.30 | 24.30 | 24.30 | 0.037 times |
| 16 Mon May 2022 | 23.15 | 23.15 | 23.15 | 23.15 | 0.178 times |
| 13 Fri May 2022 | 22.05 | 21.80 | 22.05 | 21.45 | 0.278 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 22.6 as stoploss in an intra day buy trade for a target of 24.32. However, stock will show a bearish move below 22.6.
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 | 26.80 |
| Upside Target | 27.45 |
| Upside Target | 27.50 |
| Upside Target | 28.10 |
| 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 | 21.8 |
| Downside Intraday Target | 20.2 |
| Upside Intraday Target | 26.55 |
| Upside Intraday Target | 29.7 |
| Upside Intraday Target | 24.95 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Thu May 2022 | 23.40 | 28.10 | 28.10 | 23.35 | 2.155 times |
| 20 Fri May 2022 | 26.80 | 23.15 | 26.80 | 23.15 | 1.203 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Patel Engg (PatelEngg)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 26 Thu May 2022 | 23.40 | 25.70 | 28.10 | 20.75 | 1.109 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 | 28, 33, 8 | Sell |
| MACD | -1, -1 | Buy |
| Stochastics | 50 | None |
| CCI | -57 | Sell |
| RSI | 51 | Buy |
| OBV | -229793 | Sell |
| VWAP | 26 | Sell |
| ADL | 0 | Sell |
| ROC | 11 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 gaining momentum.
MACD generated a BUY signal for Patel Engg in short term but the buy signal is initial and weak.
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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Patel Engg in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 25.67 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 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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