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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 2022-09-07 View latest technical analysis

10 day averaged volume of Patel Engg is 263365

Date Daily Closing Price Open High Low Volume
07 Wed Sep 2022 26.40 26.75 26.95 26.15 15.942 times
06 Tue Sep 2022 26.75 26.75 27.15 26.50 1.243 times
05 Mon Sep 2022 26.70 26.00 27.55 26.00 2.44 times
02 Fri Sep 2022 26.25 26.30 26.75 26.05 0.464 times
01 Thu Sep 2022 26.45 26.35 26.90 26.15 0.464 times
30 Tue Aug 2022 26.45 27.00 27.25 26.20 0.847 times
29 Mon Aug 2022 26.50 25.00 27.30 25.00 1.357 times
26 Fri Aug 2022 26.10 26.55 26.55 25.90 0.823 times
25 Thu Aug 2022 26.05 27.25 27.25 25.75 0.769 times
24 Wed Aug 2022 26.80 27.90 28.15 26.40 0.685 times

Stock of Patel Engg (PatelEngg) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 27.5 or till 28.9. Use a stoploss of 26.3 and if this stock hits its stoploss, then it can fall down till 25.14

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 19.70
Downside Target 20.55
Downside Target 23.15
Downside Target 24.05
Downside Target 25.00
Downside Target 25.75
Upside Target 26.90
Upside Target 27.55
Upside Target 28.10
Upside Target 28.95
Upside Target 29.30

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 25.75
Downside Intraday Target 25.1
Upside Intraday Target 27.3
Upside Intraday Target 28.2
Upside Intraday Target 26.65

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
07 Wed Sep 2022 26.40 26.00 27.55 26.00 6.266 times
02 Fri Sep 2022 26.25 25.00 27.30 25.00 0.358 times
26 Fri Aug 2022 26.10 27.80 28.95 25.75 1.965 times
19 Fri Aug 2022 28.55 24.05 29.30 24.05 1.818 times
12 Fri Aug 2022 24.20 24.05 25.95 23.50 0.913 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
07 Wed Sep 2022 26.40 26.35 27.55 26.00 1.002 times
30 Tue Aug 2022 26.45 23.15 29.30 23.15 2.892 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

Scroll below to view daily charts

Price has moved down 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 20, 19, 2 Buy
MACD 1, 1Sell
Stochastics 48None
CCI -13Sell
RSI 59Buy
OBV -4170184Sell
VWAP 26Sell
ADL 0Sell
ROC -3Sell
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 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Patel Engg in short term but the sell 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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

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 26.44 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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