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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 2022-08-05 View latest technical analysis

10 day averaged volume of Patel Engg is 111108

Date Daily Closing Price Open High Low Volume
05 Fri Aug 2022 23.90 24.10 24.65 23.85 0.448 times
04 Thu Aug 2022 24.35 24.15 25.00 23.80 1.11 times
03 Wed Aug 2022 24.10 25.10 25.15 23.85 1.386 times
02 Tue Aug 2022 25.10 24.65 25.50 24.10 0.939 times
01 Mon Aug 2022 24.40 23.15 24.40 23.15 2.472 times
29 Fri Jul 2022 23.25 24.00 24.00 22.90 0.845 times
28 Thu Jul 2022 23.45 22.40 23.50 22.40 1.051 times
27 Wed Jul 2022 22.40 22.55 22.95 22.00 0.644 times
26 Tue Jul 2022 22.65 23.90 23.90 22.40 0.479 times
25 Mon Jul 2022 23.25 24.35 24.35 22.90 0.719 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 24.1 as stoploss in an intra day sell trade for a target of 23.26. However, stock will show a bullish move above 24.1.

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
Upside Target 24.35
Upside 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 22.87
Downside Intraday Target 21.83
Upside Intraday Target 25.22
Upside Intraday Target 26.53
Upside Intraday Target 24.18

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
05 Fri Aug 2022 23.90 23.15 25.50 23.15 1.7 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, 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
05 Fri Aug 2022 23.90 23.15 25.50 23.15 0.378 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 23, 11, 35 Buy
MACD 1, 0Buy
Stochastics 60None
CCI 44Sell
RSI 55Buy
OBV 428175Sell
VWAP 24Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Patel Engg stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 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 23.91 and Patel Engg (PatelEngg) stock is trading below this level. This means that stock is falling with high volumes. 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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