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