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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 2025-01-13 View latest technical analysis

10 day averaged volume of Patel Engg is 322775

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	47.97	48.96	49.70	47.50	2.808 times
10 Fri Jan 2025	48.33	48.77	49.29	47.55	1.005 times
09 Thu Jan 2025	48.89	49.49	49.58	48.60	1.078 times
08 Wed Jan 2025	49.51	50.89	50.89	49.05	0.5 times
07 Tue Jan 2025	50.33	50.00	50.73	49.40	1.469 times
06 Mon Jan 2025	49.68	52.90	52.90	49.29	1.133 times
03 Fri Jan 2025	52.58	53.11	53.56	52.47	0.602 times
02 Thu Jan 2025	52.83	52.69	53.27	51.93	1.104 times
01 Wed Jan 2025	52.09	51.71	52.50	51.71	0.538 times
31 Tue Dec 2024	51.94	50.59	52.14	50.59	1.294 times

Stock of Patel Engg (PatelEngg) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 49.4, but if it comes above 49.4, then a intra day buy could be more profitable.
If you take a sell trade below 49.4, then use 49.4 as stoploss and 46.1 as target. However if you take a buy trade in stock , then use 49.4 as stoploss and 52.18 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Target	46.21
Upside Target	49.70
Upside Target	51.86
Upside Target	53.56
Upside Target	53.90
Upside Target	54.40
Upside Target	55.15
Upside Target	58.02
Upside Target	59.50
Upside Target	62.80

Intraday share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Intraday Target	47.08
Downside Intraday Target	46.19
Upside Intraday Target	49.28
Upside Intraday Target	50.59
Upside Intraday Target	48.39

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	47.97	48.96	49.70	47.50	0.542 times
10 Fri Jan 2025	48.33	52.90	52.90	47.55	1.077 times
03 Fri Jan 2025	52.58	52.36	53.56	50.59	1.717 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

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
13 Mon Jan 2025	47.97	51.71	53.56	47.50	0.355 times
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

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 getting stronger in this stock.

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

RSI is generating a SELL signal in short term but selling is losing 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 49.97 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.