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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 2022-07-19 View latest technical analysis

10 day averaged volume of Patel Engg is 108860

Date Daily Closing Price Open High Low Volume
19 Tue Jul 2022 23.45 23.00 23.55 22.20 0.92 times
18 Mon Jul 2022 22.55 22.90 22.90 22.00 0.578 times
15 Fri Jul 2022 22.20 22.75 22.75 21.80 0.405 times
14 Thu Jul 2022 22.35 23.80 23.85 22.35 1.506 times
13 Wed Jul 2022 23.50 22.90 23.50 22.65 1.633 times
12 Tue Jul 2022 22.40 21.55 22.40 21.40 0.765 times
11 Mon Jul 2022 21.35 21.85 21.85 20.90 0.512 times
08 Fri Jul 2022 21.20 21.90 21.90 20.85 1.2 times
07 Thu Jul 2022 21.20 20.55 21.45 20.55 1.445 times
06 Wed Jul 2022 20.90 21.80 21.90 20.80 1.109 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 23.7, for a target of 22.9 or 22.2

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 19.70
Downside Target 20.55
Downside Target 21.70
Downside Target 23.15
Upside Target 23.55
Upside Target 23.85
Upside Target 25.10
Upside Target 26.90
Upside Target 27.45
Upside Target 28.10
Upside Target 29.45

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 22.45
Downside Intraday Target 21.45
Upside Intraday Target 24
Upside Intraday Target 24.55
Downside Intraday Target 23

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
19 Tue Jul 2022 23.45 22.90 23.55 22.00 0.311 times
15 Fri Jul 2022 22.20 21.85 23.85 20.90 1.023 times
08 Fri Jul 2022 21.20 23.15 23.15 20.55 1.777 times
01 Fri Jul 2022 22.30 23.00 23.45 21.70 0.479 times
24 Fri Jun 2022 23.00 20.60 23.50 19.70 1.081 times

Price has moved up 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
19 Tue Jul 2022 23.45 21.85 23.85 20.55 0.46 times
30 Thu Jun 2022 21.85 25.15 26.90 19.70 0.591 times
31 Tue May 2022 25.30 25.70 28.10 20.75 1.278 times
29 Fri Apr 2022 25.75 25.10 29.45 25.10 1.333 times

Scroll below to view daily charts

Price has moved up 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 29, 16, 29 Buy
MACD -0, -1Buy
Stochastics 66None
CCI 95Buy
RSI 53Buy
OBV 526706Sell
VWAP 22Buy
ADL 0Sell
ROC 8Buy
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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Patel Engg in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls 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 buy signal for Patel Engg in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 22.13 and Patel Engg (PatelEngg) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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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