(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 2023-01-23 View latest technical analysis
10 day averaged volume of Patel Engg is 141345
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Mon Jan 2023 | 17.70 | 18.00 | 18.00 | 17.65 | 0.707 times |
| 20 Fri Jan 2023 | 17.95 | 18.10 | 18.15 | 17.85 | 1.262 times |
| 19 Thu Jan 2023 | 18.10 | 17.80 | 18.90 | 17.80 | 1.075 times |
| 18 Wed Jan 2023 | 18.00 | 18.05 | 18.25 | 17.95 | 0.968 times |
| 17 Tue Jan 2023 | 18.00 | 18.05 | 18.15 | 17.70 | 0.782 times |
| 16 Mon Jan 2023 | 17.95 | 18.05 | 18.30 | 17.65 | 1.089 times |
| 13 Fri Jan 2023 | 18.10 | 18.50 | 18.50 | 18.00 | 1.371 times |
| 12 Thu Jan 2023 | 18.10 | 18.40 | 18.55 | 18.00 | 0.718 times |
| 11 Wed Jan 2023 | 18.30 | 18.40 | 18.50 | 17.90 | 0.727 times |
| 10 Tue Jan 2023 | 18.15 | 19.20 | 19.20 | 18.05 | 1.474 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, but if it comes above 18, then a intra day buy could be more profitable.
If you take a sell trade below 18, then use 18 as stoploss and 17.3 as target. However if you take a buy trade in stock , then use 18 as stoploss and 18.57 as target.
Share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Target | 17.35 |
| Upside Target | 18.60 |
| Upside Target | 19.90 |
| Upside Target | 20.00 |
| Upside Target | 20.75 |
| Upside Target | 20.90 |
| 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 | 17.57 |
| Downside Intraday Target | 17.43 |
| Upside Intraday Target | 17.92 |
| Upside Intraday Target | 18.13 |
| Upside Intraday Target | 17.78 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Mon Jan 2023 | 17.70 | 18.00 | 18.00 | 17.65 | 0.137 times |
| 20 Fri Jan 2023 | 17.95 | 18.05 | 18.90 | 17.65 | 1.073 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 |
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 |
| 23 Mon Jan 2023 | 17.70 | 19.00 | 20.00 | 17.65 | 0.115 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 | 21, 24, 7 | Sell |
| MACD | -1, -1 | Buy |
| Stochastics | 17 | Sell |
| CCI | -135 | Sell |
| RSI | 53 | Buy |
| OBV | -273439 | Sell |
| VWAP | 18 | Sell |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
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 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 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Patel Engg in short term but the buy 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 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 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 18.04 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.
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