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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 2023-01-16 View latest technical analysis

10 day averaged volume of Patel Engg is 133029

Date Daily Closing Price Open High Low Volume
16 Mon Jan 2023 17.95 18.05 18.30 17.65 1.157 times
13 Fri Jan 2023 18.10 18.50 18.50 18.00 1.456 times
12 Thu Jan 2023 18.10 18.40 18.55 18.00 0.763 times
11 Wed Jan 2023 18.30 18.40 18.50 17.90 0.773 times
10 Tue Jan 2023 18.15 19.20 19.20 18.05 1.566 times
09 Mon Jan 2023 18.90 18.95 19.25 18.85 0.568 times
06 Fri Jan 2023 18.95 18.85 19.15 18.60 0.956 times
05 Thu Jan 2023 19.05 19.45 19.45 18.95 0.358 times
04 Wed Jan 2023 19.10 19.40 19.80 19.00 1.194 times
03 Tue Jan 2023 19.70 19.60 20.00 19.35 1.39 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 18.1, but if it comes above 18.1, then a intra day buy could be more profitable.
If you take a sell trade below 18.1, then use 18.1 as stoploss and 17.3 as target. However if you take a buy trade in stock , then use 18.1 as stoploss and 18.76 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 17.35
Upside Target 18.30
Upside Target 19.25
Upside Target 19.90
Upside Target 20.00
Upside Target 20.75
Upside Target 20.90
Upside Target 21.35
Upside Target 22.20
Upside Target 22.90
Upside Target 23.50
Upside Target 27.90

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 17.63
Downside Intraday Target 17.32
Upside Intraday Target 18.28
Upside Intraday Target 18.62
Upside Intraday Target 17.97

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
16 Mon Jan 2023 17.95 18.05 18.30 17.65 0.226 times
13 Fri Jan 2023 18.10 18.95 19.25 17.90 1.052 times
06 Fri Jan 2023 18.95 19.00 20.00 18.60 0.93 times
30 Fri Dec 2022 19.00 17.35 19.40 17.35 0.349 times
23 Fri Dec 2022 17.45 20.80 21.35 17.45 0.651 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
16 Mon Jan 2023 17.95 19.00 20.00 17.65 0.079 times
30 Fri Dec 2022 19.00 20.05 22.20 17.35 2.443 times
30 Wed Nov 2022 20.00 22.00 22.90 19.90 2.619 times
31 Mon Oct 2022 22.00 21.00 23.50 20.75 0.162 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 14, 31, 38 Sell
MACD -1, -1Sell
Stochastics 11Sell
CCI -100Sell
RSI 55Buy
OBV -2251430Sell
VWAP 19Sell
ADL 0Sell
ROC -7Sell
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Patel Engg ( (PatelEngg) ) based on a mid to longer 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.

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 and the buying is gaining 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 18.6 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

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Daily charts

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Daily chart

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