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 2024-12-11 View latest technical analysis

10 day averaged volume of Patel Engg is 549013

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	56.97	57.00	57.65	56.30	0.344 times
10 Tue Dec 2024	57.05	57.51	57.80	56.42	0.621 times
09 Mon Dec 2024	57.39	57.50	58.26	57.25	1.18 times
06 Fri Dec 2024	57.54	56.48	57.87	56.08	0.69 times
05 Thu Dec 2024	56.48	56.88	57.80	55.29	0.925 times
04 Wed Dec 2024	56.61	54.80	57.15	54.43	1.952 times
03 Tue Dec 2024	54.80	53.90	55.22	53.39	1.321 times
02 Mon Dec 2024	53.39	53.84	53.84	52.57	0.465 times
29 Fri Nov 2024	53.20	53.75	53.75	52.59	0.616 times
28 Thu Nov 2024	53.34	53.13	54.09	52.90	1.087 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.2, but if it comes below 56.2, then a intra day sell could be more profitable.
If you take a sell trade below 56.2, then use 56.2 as stoploss and 53.69 as target. However if you take a buy trade in stock , then use 56.2 as stoploss and 59.2 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Target	46.21
Downside Target	50.91
Downside Target	52.57
Downside Target	54.09
Downside Target	55.15
Downside Target	56.30
Upside Target	57.87
Upside Target	58.02
Upside Target	58.26
Upside Target	60.00
Upside Target	62.80

Intraday share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Intraday Target	56.09
Downside Intraday Target	55.22
Upside Intraday Target	58.05
Upside Intraday Target	59.14
Upside Intraday Target	57.18

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	56.97	57.50	58.26	56.30	0.401 times
06 Fri Dec 2024	57.54	53.84	57.87	52.57	1.264 times
29 Fri Nov 2024	53.20	52.90	54.09	50.96	0.728 times
22 Fri Nov 2024	51.62	51.70	54.40	51.04	0.654 times
14 Thu Nov 2024	51.13	51.25	52.70	46.92	2.182 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
11 Wed Dec 2024	56.97	53.84	58.26	52.57	0.315 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
30 Mon Sep 2024	57.02	59.24	62.80	55.15	0.853 times

Scroll below to view daily charts

Price has moved up 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Patel Engg in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Patel Engg in short term but SELL 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 55.77 and Patel Engg (PatelEngg) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.