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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 2024-12-16 View latest technical analysis

10 day averaged volume of Patel Engg is 571241

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	58.38	58.35	59.50	57.82	0.745 times
13 Fri Dec 2024	57.90	56.63	58.90	55.44	1.793 times
12 Thu Dec 2024	57.79	57.50	59.29	56.00	1.001 times
11 Wed Dec 2024	56.97	57.00	57.65	56.30	0.331 times
10 Tue Dec 2024	57.05	57.51	57.80	56.42	0.597 times
09 Mon Dec 2024	57.39	57.50	58.26	57.25	1.134 times
06 Fri Dec 2024	57.54	56.48	57.87	56.08	0.663 times
05 Thu Dec 2024	56.48	56.88	57.80	55.29	0.889 times
04 Wed Dec 2024	56.61	54.80	57.15	54.43	1.876 times
03 Tue Dec 2024	54.80	53.90	55.22	53.39	1.269 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 57.2, but if it comes below 57.2, then a intra day sell could be more profitable.
If you take a sell trade below 57.2, then use 57.2 as stoploss and 54.87 as target. However if you take a buy trade in stock , then use 57.2 as stoploss and 60.1 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	57.82
Downside Target	57.87
Downside Target	58.02
Upside Target	59.29
Upside Target	59.50
Upside Target	60.00
Upside Target	62.80

Intraday share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Intraday Target	57.63
Downside Intraday Target	56.89
Upside Intraday Target	59.31
Upside Intraday Target	60.25
Upside Intraday Target	58.57

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	58.38	58.35	59.50	57.82	0.153 times
13 Fri Dec 2024	57.90	57.50	59.29	55.44	0.944 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

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
16 Mon Dec 2024	58.38	53.84	59.50	52.57	0.47 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Patel Engg stock for short term is BUY. Signal strength is Strong and stock is gaining 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Patel Engg in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 57.03 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.