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 2024-08-08 View latest technical analysis

10 day averaged volume of Patel Engg is 1281367

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	54.54	55.83	56.09	54.23	1.116 times
07 Wed Aug 2024	55.62	54.94	55.75	53.90	0.751 times
06 Tue Aug 2024	53.55	55.17	57.25	53.05	1.227 times
05 Mon Aug 2024	53.51	54.06	55.79	52.76	2.746 times
02 Fri Aug 2024	56.93	57.22	58.45	56.79	1.365 times
01 Thu Aug 2024	58.02	59.65	60.00	57.70	0.992 times
31 Wed Jul 2024	59.65	60.63	60.77	59.50	0.196 times
30 Tue Jul 2024	60.35	60.49	61.18	60.18	0.579 times
29 Mon Jul 2024	60.25	60.99	61.76	60.15	0.907 times
26 Fri Jul 2024	60.45	59.76	61.41	59.75	0.46 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.2, but if it comes above 56.2, then a intra day buy could be more profitable.
If you take a sell trade below 56.2, then use 56.2 as stoploss and 53.2 as target. However if you take a buy trade in stock , then use 56.2 as stoploss and 58.71 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Target	50.23
Downside Target	52.76
Upside Target	55.85
Upside Target	58.50
Upside Target	60.00
Upside Target	61.98
Upside Target	62.30
Upside Target	64.50
Upside Target	65.95
Upside Target	66.19
Upside Target	70.00
Upside Target	74.38

Intraday share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Intraday Target	52.45
Downside Intraday Target	50.36
Upside Intraday Target	56.94
Upside Intraday Target	59.34
Upside Intraday Target	54.85

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	54.54	54.06	57.25	52.76	1.446 times
02 Fri Aug 2024	56.93	60.99	61.76	56.79	1.226 times
26 Fri Jul 2024	60.45	58.86	61.98	55.85	0.644 times
19 Fri Jul 2024	58.88	61.35	62.30	58.50	0.463 times
12 Fri Jul 2024	61.22	60.99	64.50	60.67	2.888 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
08 Thu Aug 2024	54.54	59.65	60.00	52.76	0.328 times
31 Wed Jul 2024	59.65	66.24	70.00	55.85	1.153 times
28 Fri Jun 2024	65.75	64.98	74.38	50.23	1.109 times
31 Fri May 2024	61.82	58.20	65.95	53.55	1.139 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 weakening, and bulls are picking up momentum!

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 SELL signal in short term but selling is losing 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 56.06 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.