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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 213010

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 17.25 18.80 18.80 17.25 1.327 times
02 Thu Feb 2023 18.15 17.30 18.15 17.25 0.985 times
01 Wed Feb 2023 17.30 17.60 18.10 17.00 2.239 times
31 Tue Jan 2023 17.40 17.15 17.60 16.80 1.377 times
30 Mon Jan 2023 16.85 16.90 17.20 16.60 0.548 times
27 Fri Jan 2023 16.90 17.50 17.50 16.45 1.332 times
25 Wed Jan 2023 17.25 17.85 18.05 17.15 1.117 times
24 Tue Jan 2023 17.80 17.70 18.05 17.70 0.382 times
23 Mon Jan 2023 17.70 18.00 18.00 17.65 0.469 times
20 Fri Jan 2023 17.95 18.10 18.15 17.85 0.837 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.3, but if it comes above 17.3, then a intra day buy could be more profitable.
If you take a sell trade below 17.3, then use 17.3 as stoploss and 16.6 as target. However if you take a buy trade in stock , then use 17.3 as stoploss and 17.86 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 16.45
Downside Target 17.00
Upside Target 17.35
Upside Target 18.60
Upside Target 19.25
Upside Target 19.90
Upside Target 20.00
Upside Target 20.75
Upside Target 22.20
Upside Target 22.90
Upside Target 23.50

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 16.3
Downside Intraday Target 15.35
Upside Intraday Target 18.5
Upside Intraday Target 19.75
Upside Intraday Target 17.55

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 17.25 16.90 18.80 16.60 1.962 times
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

Price has moved up 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
03 Fri Feb 2023 17.25 17.60 18.80 17.00 0.305 times
31 Tue Jan 2023 17.40 19.00 20.00 16.45 0.169 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

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, 17, 18 Buy
MACD -1, -1Buy
Stochastics 46None
CCI 50Sell
RSI 53Buy
OBV -1440701Sell
VWAP 17Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short to mid 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 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.

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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Patel Engg in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 17.39 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

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Daily chart

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