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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)

10 day averaged volume of Patel Engg is 325151

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri Jan 2025	49.57	50.80	51.29	49.42	1.045 times
23 Thu Jan 2025	50.94	52.26	52.26	50.00	0.961 times
22 Wed Jan 2025	51.26	51.26	51.92	49.70	0.805 times
21 Tue Jan 2025	51.62	53.50	53.50	51.45	0.657 times
20 Mon Jan 2025	52.84	52.53	53.69	51.80	0.642 times
17 Fri Jan 2025	51.50	50.83	51.80	50.24	0.446 times
16 Thu Jan 2025	50.62	49.93	50.86	49.65	1.206 times
15 Wed Jan 2025	49.43	50.19	50.19	49.10	0.415 times
14 Tue Jan 2025	49.36	49.01	49.59	47.97	1.082 times
13 Mon Jan 2025	47.97	48.96	49.70	47.50	2.788 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 49.2 as stoploss in an intra day buy trade for a target of 50.61. However, stock will show a bearish move below 49.2.

Share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Target	46.21
Downside Target	49.42
Upside Target	50.59
Upside Target	51.80
Upside Target	52.90
Upside Target	53.69
Upside Target	53.90
Upside Target	54.40
Upside Target	55.15
Upside Target	58.02
Upside Target	59.50
Upside Target	62.80

Intraday share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Intraday Target	48.1
Downside Intraday Target	46.62
Upside Intraday Target	52.37
Upside Intraday Target	55.16
Upside Intraday Target	50.89

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri Jan 2025	49.57	52.53	53.69	49.42	0.692 times
17 Fri Jan 2025	51.50	48.96	51.80	47.50	1.153 times
10 Fri Jan 2025	48.33	52.90	52.90	47.55	1.077 times
03 Fri Jan 2025	52.58	52.36	53.56	50.59	1.717 times
27 Fri Dec 2024	52.03	53.22	53.90	51.86	0.487 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 Fri Jan 2025	49.57	51.71	53.69	47.50	0.609 times
31 Tue Dec 2024	51.94	53.84	59.50	50.59	0.712 times
29 Fri Nov 2024	53.20	51.56	54.40	46.92	1.064 times
31 Thu Oct 2024	51.56	57.00	58.02	46.21	0.538 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)

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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Patel Engg ( (PatelEngg) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 49.92 and Patel Engg (PatelEngg) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.