(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 2023-01-24 View latest technical analysis
10 day averaged volume of Patel Engg is 143782
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Tue Jan 2023 | 17.80 | 17.70 | 18.05 | 17.70 | 0.566 times |
| 23 Mon Jan 2023 | 17.70 | 18.00 | 18.00 | 17.65 | 0.695 times |
| 20 Fri Jan 2023 | 17.95 | 18.10 | 18.15 | 17.85 | 1.241 times |
| 19 Thu Jan 2023 | 18.10 | 17.80 | 18.90 | 17.80 | 1.057 times |
| 18 Wed Jan 2023 | 18.00 | 18.05 | 18.25 | 17.95 | 0.951 times |
| 17 Tue Jan 2023 | 18.00 | 18.05 | 18.15 | 17.70 | 0.768 times |
| 16 Mon Jan 2023 | 17.95 | 18.05 | 18.30 | 17.65 | 1.071 times |
| 13 Fri Jan 2023 | 18.10 | 18.50 | 18.50 | 18.00 | 1.347 times |
| 12 Thu Jan 2023 | 18.10 | 18.40 | 18.55 | 18.00 | 0.706 times |
| 11 Wed Jan 2023 | 18.30 | 18.40 | 18.50 | 17.90 | 0.715 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.9, but if it comes above 17.9, then a intra day buy could be more profitable.
If you take a sell trade below 17.9, then use 17.9 as stoploss and 17.2 as target. However if you take a buy trade in stock , then use 17.9 as stoploss and 18.5 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 | 17.62 |
| Downside Intraday Target | 17.43 |
| Upside Intraday Target | 18.02 |
| Upside Intraday Target | 18.23 |
| Upside Intraday Target | 17.83 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Tue Jan 2023 | 17.80 | 18.00 | 18.05 | 17.65 | 0.248 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 |
| 24 Tue Jan 2023 | 17.80 | 19.00 | 20.00 | 17.65 | 0.119 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 | 20, 24, 8 | Sell |
| MACD | -1, -1 | Buy |
| Stochastics | 11 | Sell |
| CCI | -93 | Buy |
| RSI | 51 | Buy |
| OBV | -352563 | Sell |
| VWAP | 18 | Sell |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL 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 18.01 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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