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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)

10 day averaged volume of Patel Engg is 206005

Date Daily Closing Price Open High Low Volume
02 Thu Dec 2021 21.65 21.50 21.95 21.15 0.631 times
01 Wed Dec 2021 21.15 21.25 21.70 20.95 0.819 times
30 Tue Nov 2021 21.25 21.75 22.05 21.00 0.714 times
29 Mon Nov 2021 20.95 22.00 22.05 20.35 1.179 times
26 Fri Nov 2021 22.15 22.65 23.00 22.05 1.437 times
25 Thu Nov 2021 23.15 23.35 23.35 22.40 0.785 times
24 Wed Nov 2021 22.85 22.55 23.40 22.55 0.741 times
23 Tue Nov 2021 22.60 22.30 23.20 22.25 0.524 times
22 Mon Nov 2021 22.15 23.30 23.30 21.95 0.799 times
18 Thu Nov 2021 23.25 23.30 23.90 22.45 2.075 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.9, but if it comes above 21.9, then a intra day buy could be more profitable.
If you take a sell trade below 21.9, then use 21.9 as stoploss and 20.5 as target. However if you take a buy trade in stock , then use 21.9 as stoploss and 23.14 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 13.82
Downside Target 15.10
Downside Target 19.25
Downside Target 19.70
Downside Target 20.35
Downside Target 20.95
Downside Target 21.45
Upside Target 21.95
Upside Target 23.40
Upside Target 24.35
Upside Target 25.65
Upside Target 26.30
Upside Target 31.70

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 20.65
Downside Intraday Target 19.65
Upside Intraday Target 22.35
Upside Intraday Target 23.05
Downside Intraday Target 21.35

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
02 Thu Dec 2021 21.65 22.00 22.05 20.35 0.78 times
26 Fri Nov 2021 22.15 23.30 23.40 21.95 0.828 times
18 Thu Nov 2021 23.25 24.05 24.35 22.45 0.897 times
12 Fri Nov 2021 24.30 24.80 25.65 23.65 0.705 times
04 Thu Nov 2021 24.50 23.50 26.30 23.50 1.094 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
02 Thu Dec 2021 21.65 21.25 21.95 20.95 0.057 times
30 Tue Nov 2021 21.25 23.50 26.30 20.35 0.232 times
29 Fri Oct 2021 23.95 20.90 31.70 19.70 1.672 times
30 Thu Sep 2021 20.80 15.85 21.45 15.10 0.624 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)

Indicator Name Indicator Value Indicator Signal
ADX 10, 26, 43 Sell
MACD -1, -0Sell
Stochastics 27Sell
CCI -61Buy
RSI 56Buy
OBV -1672255Sell
VWAP 22Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

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 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 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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying 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 22.22 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.

Click here for Patel Engg charts

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Daily charts

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Daily chart

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