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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 2022-08-10 View latest technical analysis

10 day averaged volume of Patel Engg is 125968

Date Daily Closing Price Open High Low Volume
10 Wed Aug 2022 24.55 25.65 25.95 24.25 1.774 times
08 Mon Aug 2022 24.75 24.05 25.00 23.50 1.732 times
05 Fri Aug 2022 23.90 24.10 24.65 23.85 0.395 times
04 Thu Aug 2022 24.35 24.15 25.00 23.80 0.979 times
03 Wed Aug 2022 24.10 25.10 25.15 23.85 1.222 times
02 Tue Aug 2022 25.10 24.65 25.50 24.10 0.828 times
01 Mon Aug 2022 24.40 23.15 24.40 23.15 2.181 times
29 Fri Jul 2022 23.25 24.00 24.00 22.90 0.746 times
28 Thu Jul 2022 23.45 22.40 23.50 22.40 0.927 times
27 Wed Jul 2022 22.40 22.55 22.95 22.00 0.568 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 24.4, but if it comes below 24.4, then a intra day sell could be more profitable.
If you take a sell trade below 24.4, then use 24.4 as stoploss and 23.54 as target. However if you take a buy trade in stock , then use 24.4 as stoploss and 25.3 as target.

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 24.35
Upside Target 25.10
Upside Target 25.50
Upside Target 25.95
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 23.38
Downside Intraday Target 22.22
Upside Intraday Target 25.83
Upside Intraday Target 27.12
Upside Intraday Target 24.67

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
10 Wed Aug 2022 24.55 24.05 25.95 23.50 0.626 times
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

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
10 Wed Aug 2022 24.55 23.15 25.95 23.15 0.614 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 25, 9, 48 Buy
MACD 1, 1Buy
Stochastics 66None
CCI 98Buy
RSI 57Buy
OBV 367199Sell
VWAP 24Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short 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 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 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.

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 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 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 24.22 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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