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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)

10 day averaged volume of Patel Engg is 144588

Date Daily Closing Price Open High Low Volume
27 Fri Jan 2023 16.90 17.50 17.50 16.45 1.962 times
25 Wed Jan 2023 17.25 17.85 18.05 17.15 1.645 times
24 Tue Jan 2023 17.80 17.70 18.05 17.70 0.563 times
23 Mon Jan 2023 17.70 18.00 18.00 17.65 0.691 times
20 Fri Jan 2023 17.95 18.10 18.15 17.85 1.234 times
19 Thu Jan 2023 18.10 17.80 18.90 17.80 1.051 times
18 Wed Jan 2023 18.00 18.05 18.25 17.95 0.946 times
17 Tue Jan 2023 18.00 18.05 18.15 17.70 0.764 times
16 Mon Jan 2023 17.95 18.05 18.30 17.65 1.065 times
13 Fri Jan 2023 18.10 18.50 18.50 18.00 1.34 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 16.8, for a target of 17.6 or 18.32

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 16.45
Upside Target 17.35
Upside Target 18.60
Upside Target 19.90
Upside Target 20.00
Upside Target 20.75
Upside Target 20.90
Upside Target 22.20
Upside Target 22.90
Upside Target 23.50
Upside Target 27.90

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 16.22
Downside Intraday Target 15.53
Upside Intraday Target 17.82
Upside Intraday Target 18.73
Upside Intraday Target 17.13

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
27 Fri Jan 2023 16.90 18.00 18.05 16.45 0.961 times
20 Fri Jan 2023 17.95 18.05 18.90 17.65 1.073 times
13 Fri Jan 2023 18.10 18.95 19.25 17.90 1.052 times
06 Fri Jan 2023 18.95 19.00 20.00 18.60 0.93 times
30 Fri Dec 2022 19.00 17.35 19.40 17.35 0.349 times

Price has moved down 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
27 Fri Jan 2023 16.90 19.00 20.00 16.45 0.147 times
30 Fri Dec 2022 19.00 20.05 22.20 17.35 2.443 times
30 Wed Nov 2022 20.00 22.00 22.90 19.90 2.619 times
31 Mon Oct 2022 22.00 21.00 23.50 20.75 0.162 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 15, 35, 39 Sell
MACD -1, -1Sell
Stochastics 12Sell
CCI -225Sell
RSI 49Sell
OBV -911369Sell
VWAP 18Sell
ADL 0Sell
ROC -7Sell
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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Patel Engg in short term and the sell signal is strong.

Patel Engg Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 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 17.68 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 has given negative 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

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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