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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 2022-07-27 View latest technical analysis

10 day averaged volume of Patel Engg is 90354

Date Daily Closing Price Open High Low Volume
27 Wed Jul 2022 22.40 22.55 22.95 22.00 0.791 times
26 Tue Jul 2022 22.65 23.90 23.90 22.40 0.589 times
25 Mon Jul 2022 23.25 24.35 24.35 22.90 0.884 times
22 Fri Jul 2022 23.70 23.90 24.20 23.40 0.437 times
21 Thu Jul 2022 23.45 23.00 24.00 23.00 0.949 times
20 Wed Jul 2022 23.45 23.70 23.90 22.90 1.067 times
19 Tue Jul 2022 23.45 23.00 23.55 22.20 1.108 times
18 Mon Jul 2022 22.55 22.90 22.90 22.00 0.696 times
15 Fri Jul 2022 22.20 22.75 22.75 21.80 0.487 times
14 Thu Jul 2022 22.35 23.80 23.85 22.35 1.815 times

My analysis of stock is bearish for shortterm, and stock might move down till 21.6 or till 20.6. Use a stoploss of 22.41 and if the stock hits stoploss, then it can shoot up till 23.25

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 19.70
Downside Target 20.55
Downside Target 21.70
Upside Target 23.15
Upside Target 24.20
Upside Target 24.35
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 21.48
Downside Intraday Target 20.57
Upside Intraday Target 23.83
Upside Intraday Target 25.27
Upside Intraday Target 22.92

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
27 Wed Jul 2022 22.40 24.35 24.35 22.00 0.532 times
22 Fri Jul 2022 23.70 22.90 24.20 22.00 0.733 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

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 Wed Jul 2022 22.40 21.85 24.35 20.55 0.62 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 19, 19, 0 Sell
MACD -0, -0Buy
Stochastics 40None
CCI -91Sell
RSI 53Buy
OBV -76467Sell
VWAP 23Sell
ADL 0Sell
ROC -5Sell
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short to mid 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 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 losing 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 and SELL 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

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 22.93 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 positive

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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