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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 2022-05-26 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, -1Buy
Stochastics 50None
CCI -57Sell
RSI 51Buy
OBV -229793Sell
VWAP 26Sell
ADL 0Sell
ROC 11Buy
Force Index 0Sell

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.

Click here for Patel Engg charts

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Daily charts

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Daily chart

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