Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2022-09-27 View latest technical analysis

10 day averaged volume of Patel Engg is 228667

Date Daily Closing Price Open High Low Volume
27 Tue Sep 2022 22.10 22.30 22.70 21.80 0.612 times
26 Mon Sep 2022 21.95 22.70 22.70 21.75 0.732 times
23 Fri Sep 2022 22.80 23.70 23.80 22.55 0.878 times
22 Thu Sep 2022 23.50 23.30 24.25 23.30 0.658 times
21 Wed Sep 2022 23.35 23.55 23.80 22.85 1.045 times
20 Tue Sep 2022 23.50 24.15 24.45 23.35 0.835 times
19 Mon Sep 2022 24.15 23.60 24.65 23.60 0.897 times
16 Fri Sep 2022 23.80 25.00 25.05 23.80 1.602 times
15 Thu Sep 2022 25.05 25.90 25.95 24.90 1.125 times
14 Wed Sep 2022 25.85 25.55 26.50 25.55 0.924 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 21.4, for a target of 23.4 or 25.05

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 19.70
Downside Target 20.55
Downside Target 21.75
Upside Target 22.55
Upside Target 23.80
Upside Target 24.35
Upside Target 26.00
Upside Target 26.90
Upside Target 27.20
Upside Target 27.30
Upside Target 27.90
Upside Target 28.10
Upside Target 29.30

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 21.67
Downside Intraday Target 21.23
Upside Intraday Target 22.62
Upside Intraday Target 23.13
Upside Intraday Target 22.18

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
27 Tue Sep 2022 22.10 22.70 22.70 21.75 0.312 times
23 Fri Sep 2022 22.80 23.60 24.65 22.55 0.736 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

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
27 Tue Sep 2022 22.10 26.35 27.90 21.75 2.805 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 11, 34, 50 Sell
MACD -1, -1Sell
Stochastics 6Sell
CCI -117Buy
RSI 48Sell
OBV -4561609Sell
VWAP 24Sell
ADL 0Sell
ROC -15Sell
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Patel Engg stock for short term is SELL. Signal strength is Strong and stock is losing 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 moving up

CCI has generated a buy signal for Patel Engg in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 23.74 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme