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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 2025-01-15 View latest technical analysis

10 day averaged volume of Patel Engg is 365632

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed Jan 2025	49.43	50.19	50.19	49.10	0.369 times
14 Tue Jan 2025	49.36	49.01	49.59	47.97	0.962 times
13 Mon Jan 2025	47.97	48.96	49.70	47.50	2.479 times
10 Fri Jan 2025	48.33	48.77	49.29	47.55	0.887 times
09 Thu Jan 2025	48.89	49.49	49.58	48.60	0.952 times
08 Wed Jan 2025	49.51	50.89	50.89	49.05	0.442 times
07 Tue Jan 2025	50.33	50.00	50.73	49.40	1.297 times
06 Mon Jan 2025	49.68	52.90	52.90	49.29	1.001 times
03 Fri Jan 2025	52.58	53.11	53.56	52.47	0.532 times
02 Thu Jan 2025	52.83	52.69	53.27	51.93	0.974 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 49.2 as stoploss in an intra day buy trade for a target of 51.34. However, stock will show a bearish move below 49.2.

Share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Target	46.21
Upside Target	50.19
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	47.89
Downside Intraday Target	46.35
Upside Intraday Target	50.58
Upside Intraday Target	51.73
Downside Intraday Target	49.04

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed Jan 2025	49.43	48.96	50.19	47.50	0.832 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 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
15 Wed Jan 2025	49.43	51.71	53.56	47.50	0.407 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 below 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 SELL signal in short term and selling is picking up 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 49.56 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.