(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 2022-09-15 View latest technical analysis
10 day averaged volume of Patel Engg is 1323944
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Sep 2022 | 25.05 | 25.90 | 25.95 | 24.90 | 0.194 times |
| 14 Wed Sep 2022 | 25.85 | 25.55 | 26.50 | 25.55 | 0.16 times |
| 13 Tue Sep 2022 | 26.00 | 26.40 | 26.50 | 25.90 | 0.225 times |
| 12 Mon Sep 2022 | 26.30 | 26.85 | 27.20 | 26.25 | 0.157 times |
| 09 Fri Sep 2022 | 26.80 | 27.40 | 27.90 | 26.70 | 2.573 times |
| 08 Thu Sep 2022 | 26.90 | 27.00 | 27.30 | 26.60 | 2.797 times |
| 07 Wed Sep 2022 | 26.40 | 26.75 | 26.95 | 26.15 | 3.171 times |
| 06 Tue Sep 2022 | 26.75 | 26.75 | 27.15 | 26.50 | 0.247 times |
| 05 Mon Sep 2022 | 26.70 | 26.00 | 27.55 | 26.00 | 0.485 times |
| 02 Fri Sep 2022 | 26.25 | 26.30 | 26.75 | 26.05 | 0.092 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 24.9, for a target of 25.9 or 26.65
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 | 24.90 |
| Upside Target | 25.75 |
| Upside Target | 26.90 |
| Upside Target | 27.90 |
| 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 | 24.23 |
| Downside Intraday Target | 23.42 |
| Upside Intraday Target | 26.53 |
| Upside Intraday Target | 28.02 |
| Upside Intraday Target | 25.72 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Sep 2022 | 25.05 | 26.85 | 27.20 | 24.90 | 0.079 times |
| 09 Fri Sep 2022 | 26.80 | 26.00 | 27.90 | 26.00 | 14.884 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 |
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 |
| 15 Thu Sep 2022 | 25.05 | 26.35 | 27.90 | 24.90 | 2.498 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, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Patel Engg (PatelEngg)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 18, 26, 17 | Sell |
| MACD | 1, 1 | Sell |
| Stochastics | 8 | Sell |
| CCI | -188 | Sell |
| RSI | 59 | Buy |
| OBV | -4778939 | Sell |
| VWAP | 27 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Patel Engg ( (PatelEngg) ) based on a short 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.
Price action analysis of Patel Engg ( (PatelEngg) ) based on a short 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.
Price action analysis of Patel Engg ( (PatelEngg) ) based on a short to mid 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.
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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Patel Engg in short term but the sell signal is initial and weak.
Patel Engg Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 26.62 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.
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