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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 2024-10-30 View latest technical analysis

10 day averaged volume of Patel Engg is 657805

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	50.87	49.55	51.30	49.14	0.757 times
29 Tue Oct 2024	49.04	48.81	49.29	48.05	1.014 times
28 Mon Oct 2024	48.11	47.65	48.89	46.21	1.814 times
25 Fri Oct 2024	47.66	49.50	49.88	46.85	0.596 times
24 Thu Oct 2024	49.47	51.00	51.48	49.32	1.288 times
23 Wed Oct 2024	50.58	50.75	52.39	49.88	1.083 times
22 Tue Oct 2024	51.10	53.25	53.25	51.00	0.657 times
21 Mon Oct 2024	53.64	54.32	55.67	53.25	0.889 times
18 Fri Oct 2024	55.27	56.15	56.39	54.80	1.145 times
17 Thu Oct 2024	56.69	55.10	58.02	54.80	1.308 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 50.2 as stoploss in an intra day buy trade for a target of 53.06. However, stock will show a bearish move below 50.2.

Share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Target	46.21
Downside Target	50.23
Upside Target	53.65
Upside Target	55.15
Upside Target	56.41
Upside Target	58.02
Upside Target	58.18
Upside Target	60.00
Upside Target	62.80
Upside Target	70.00
Upside Target	74.38

Intraday share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Intraday Target	47.62
Downside Intraday Target	44.37
Upside Intraday Target	52.71
Upside Intraday Target	54.55
Downside Intraday Target	49.46

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	50.87	47.65	51.30	46.21	0.795 times
25 Fri Oct 2024	47.66	54.32	55.67	46.85	1.29 times
18 Fri Oct 2024	55.27	55.18	58.02	53.65	0.825 times
11 Fri Oct 2024	54.67	55.72	56.41	52.25	1.269 times
03 Thu Oct 2024	55.56	57.95	58.18	55.31	0.648 times

Price has moved up 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
30 Wed Oct 2024	50.87	57.00	58.02	46.21	0.515 times
30 Mon Sep 2024	57.02	59.24	62.80	55.15	0.853 times
30 Fri Aug 2024	57.24	59.65	60.00	50.91	0.836 times
31 Wed Jul 2024	59.65	66.24	70.00	55.85	1.153 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.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 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 51.28 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.