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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 2025-01-20 View latest technical analysis

10 day averaged volume of Patel Engg is 360423

Date	Daily Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	52.84	52.53	53.69	51.80	0.58 times
17 Fri Jan 2025	51.50	50.83	51.80	50.24	0.402 times
16 Thu Jan 2025	50.62	49.93	50.86	49.65	1.088 times
15 Wed Jan 2025	49.43	50.19	50.19	49.10	0.374 times
14 Tue Jan 2025	49.36	49.01	49.59	47.97	0.976 times
13 Mon Jan 2025	47.97	48.96	49.70	47.50	2.515 times
10 Fri Jan 2025	48.33	48.77	49.29	47.55	0.9 times
09 Thu Jan 2025	48.89	49.49	49.58	48.60	0.966 times
08 Wed Jan 2025	49.51	50.89	50.89	49.05	0.448 times
07 Tue Jan 2025	50.33	50.00	50.73	49.40	1.315 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 52.4, but if it comes below 52.4, then a intra day sell could be more profitable.
If you take a sell trade below 52.4, then use 52.4 as stoploss and 50.88 as target. However if you take a buy trade in stock , then use 52.4 as stoploss and 54.3 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type	Value
Downside Target	46.21
Downside Target	50.59
Downside Target	51.80
Upside Target	52.90
Upside Target	53.69
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	51.86
Downside Intraday Target	50.89
Upside Intraday Target	53.75
Upside Intraday Target	54.67
Downside Intraday Target	52.78

Weekly technical analysis of Patel Engg (PatelEngg)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	52.84	52.53	53.69	51.80	0.108 times
17 Fri Jan 2025	51.50	48.96	51.80	47.50	1.153 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

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
20 Mon Jan 2025	52.84	51.71	53.69	47.50	0.488 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 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 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 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 mid to longer 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.

ADX buy sell signal for Patel Engg stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Patel Engg in short term but the buy signal is initial and weak.

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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 49.44 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 negative.

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