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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 2022-08-02 View latest technical analysis

10 day averaged volume of Patel Engg is 101177

Date Daily Closing Price Open High Low Volume
02 Tue Aug 2022 25.10 24.65 25.50 24.10 1.031 times
01 Mon Aug 2022 24.40 23.15 24.40 23.15 2.715 times
29 Fri Jul 2022 23.25 24.00 24.00 22.90 0.928 times
28 Thu Jul 2022 23.45 22.40 23.50 22.40 1.154 times
27 Wed Jul 2022 22.40 22.55 22.95 22.00 0.707 times
26 Tue Jul 2022 22.65 23.90 23.90 22.40 0.526 times
25 Mon Jul 2022 23.25 24.35 24.35 22.90 0.789 times
22 Fri Jul 2022 23.70 23.90 24.20 23.40 0.39 times
21 Thu Jul 2022 23.45 23.00 24.00 23.00 0.848 times
20 Wed Jul 2022 23.45 23.70 23.90 22.90 0.953 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 25.2, for a target of 23.9 or 22.81

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 19.70
Downside Target 20.55
Downside Target 22.00
Downside Target 23.15
Downside Target 23.85
Downside Target 24.35
Downside Target 25.10
Upside Target 25.50
Upside Target 26.90
Upside Target 28.10
Upside Target 29.45

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 23.67
Downside Intraday Target 22.23
Upside Intraday Target 26.02
Upside Intraday Target 26.93
Downside Intraday Target 24.58

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
02 Tue Aug 2022 25.10 23.15 25.50 23.15 0.913 times
29 Fri Jul 2022 23.25 24.35 24.35 22.00 1.079 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

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
02 Tue Aug 2022 25.10 23.15 25.50 23.15 0.203 times
29 Fri Jul 2022 23.25 21.85 24.35 20.55 0.699 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

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 31, 12, 45 Buy
MACD 0, 0Buy
Stochastics 81Buy
CCI 217Buy
RSI 58Buy
OBV 452675Sell
VWAP 24Buy
ADL 0Sell
ROC 7Buy
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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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

Patel Engg Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 23.74 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 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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