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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 2025-01-16 View latest technical analysis

10 day averaged volume of Patel Engg is 361773

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	50.62	49.93	50.86	49.65	1.084 times
15 Wed Jan 2025	49.43	50.19	50.19	49.10	0.373 times
14 Tue Jan 2025	49.36	49.01	49.59	47.97	0.972 times
13 Mon Jan 2025	47.97	48.96	49.70	47.50	2.506 times
10 Fri Jan 2025	48.33	48.77	49.29	47.55	0.897 times
09 Thu Jan 2025	48.89	49.49	49.58	48.60	0.962 times
08 Wed Jan 2025	49.51	50.89	50.89	49.05	0.446 times
07 Tue Jan 2025	50.33	50.00	50.73	49.40	1.31 times
06 Mon Jan 2025	49.68	52.90	52.90	49.29	1.011 times
03 Fri Jan 2025	52.58	53.11	53.56	52.47	0.537 times

My analysis of stock is bearish for shortterm, and stock might move down till 49.3 or till 47.1. Use a stoploss of 51.07 and if the stock hits stoploss, then it can shoot up till 52.89

Share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Target	46.21
Downside Target	50.59
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	48.46
Downside Intraday Target	46.3
Upside Intraday Target	51.82
Upside Intraday Target	53.02
Downside Intraday Target	49.66

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	50.62	48.96	50.86	47.50	1.067 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
16 Thu Jan 2025	50.62	51.71	53.56	47.50	0.45 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling 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 49.35 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 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.