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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 2022-05-27 View latest technical analysis

10 day averaged volume of Patel Engg is 276969

Date Daily Closing Price Open High Low Volume
27 Fri May 2022 23.75 24.35 24.35 22.85 0.618 times
26 Thu May 2022 23.40 23.75 24.70 23.35 1.315 times
25 Wed May 2022 24.55 25.95 26.50 24.55 0.66 times
24 Tue May 2022 25.80 27.85 27.85 25.80 1.235 times
23 Mon May 2022 27.15 28.10 28.10 26.70 3.444 times
20 Fri May 2022 26.80 26.25 26.80 26.15 0.206 times
19 Thu May 2022 25.55 24.30 26.75 24.30 2.566 times
18 Wed May 2022 25.50 25.50 25.50 25.50 0.118 times
17 Tue May 2022 24.30 24.30 24.30 24.30 0.034 times
16 Mon May 2022 23.15 23.15 23.15 23.15 0.164 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.5 or till 20.5. Use a stoploss of 24.17 and if the stock hits stoploss, then it can shoot up till 25.83

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 20.75
Downside Target 22.85
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 21.7
Downside Intraday Target 19.65
Upside Intraday Target 26.95
Upside Intraday Target 30.15
Upside Intraday Target 24.9

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
27 Fri May 2022 23.75 28.10 28.10 22.85 2.355 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
27 Fri May 2022 23.75 25.70 28.10 20.75 1.157 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 25, 33, 13 Sell
MACD -1, -1Buy
Stochastics 33None
CCI -88Sell
RSI 50Sell
OBV 11528Sell
VWAP 26Sell
ADL 0Sell
ROC 8Buy
Force Index 0Sell

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 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 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 moving up

CCI has generated a SELL signal for Patel Engg in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 25.65 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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