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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 2024-12-31 View latest technical analysis

10 day averaged volume of Patel Engg is 317564

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	51.94	50.59	52.14	50.59	1.315 times
30 Mon Dec 2024	50.92	52.36	52.36	50.72	1.297 times
27 Fri Dec 2024	52.03	52.20	52.80	51.90	0.509 times
26 Thu Dec 2024	52.09	52.51	53.10	51.90	0.866 times
24 Tue Dec 2024	52.48	52.73	52.89	51.86	0.919 times
23 Mon Dec 2024	52.11	53.22	53.90	52.00	0.555 times
20 Fri Dec 2024	52.98	54.76	55.65	52.58	0.776 times
19 Thu Dec 2024	55.28	54.28	55.60	54.28	1.465 times
18 Wed Dec 2024	55.98	57.70	57.70	55.80	1.33 times
17 Tue Dec 2024	57.14	58.01	58.51	57.10	0.942 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 52.7, but if it comes above 52.7, then a intra day buy could be more profitable.
If you take a sell trade below 52.7, then use 52.7 as stoploss and 49.8 as target. However if you take a buy trade in stock , then use 52.7 as stoploss and 55.19 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Target	46.21
Downside Target	50.59
Upside Target	53.90
Upside Target	55.44
Upside Target	57.87
Upside 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	50.9
Downside Intraday Target	49.86
Upside Intraday Target	52.67
Upside Intraday Target	53.4
Downside Intraday Target	51.63

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	51.94	52.36	52.36	50.59	0.917 times
27 Fri Dec 2024	52.03	53.22	53.90	51.86	0.487 times
20 Fri Dec 2024	52.98	58.35	59.50	52.58	0.67 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

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
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
30 Mon Sep 2024	57.02	59.24	62.80	55.15	0.853 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 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 gaining 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 green color and prices are in or below the green 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 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 53.49 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 positive

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