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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 2022-09-20 View latest technical analysis

10 day averaged volume of Patel Engg is 1318077

Date Daily Closing Price Open High Low Volume
20 Tue Sep 2022 23.50 24.15 24.45 23.35 0.145 times
19 Mon Sep 2022 24.15 23.60 24.65 23.60 0.156 times
16 Fri Sep 2022 23.80 25.00 25.05 23.80 0.278 times
15 Thu Sep 2022 25.05 25.90 25.95 24.90 0.195 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 0.226 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 2.584 times
08 Thu Sep 2022 26.90 27.00 27.30 26.60 2.81 times
07 Wed Sep 2022 26.40 26.75 26.95 26.15 3.185 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 23.7, for a target of 25 or 26.01

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 19.70
Downside Target 20.55
Downside Target 23.15
Upside Target 24.35
Upside Target 25.75
Upside Target 26.90
Upside Target 27.20
Upside Target 27.30
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 23.02
Downside Intraday Target 22.53
Upside Intraday Target 24.32
Upside Intraday Target 25.13
Upside Intraday Target 23.83

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
20 Tue Sep 2022 23.50 23.60 24.65 23.35 0.295 times
16 Fri Sep 2022 23.80 26.85 27.20 23.80 0.109 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

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
20 Tue Sep 2022 23.50 26.35 27.90 23.35 2.639 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 13, 31, 40 Sell
MACD -0, 0Sell
Stochastics 5Sell
CCI -121Sell
RSI 53Buy
OBV -6112704Sell
VWAP 26Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Patel Engg in short term and the sell signal is strong.

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 red color and prices are below the red 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

Although the stock is in the BUY zone, but buying 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 26.45 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 negative.

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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