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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 493748

Date Daily Closing Price Open High Low Volume
17 Fri Sep 2021 16.75 17.75 17.90 16.40 0.81 times
16 Thu Sep 2021 17.35 17.85 18.00 16.70 0.896 times
15 Wed Sep 2021 17.75 17.50 18.05 17.10 2.043 times
14 Tue Sep 2021 16.80 16.55 17.40 16.55 1.298 times
13 Mon Sep 2021 16.70 16.10 17.15 15.95 0.564 times
09 Thu Sep 2021 16.05 16.05 16.35 15.95 0.579 times
08 Wed Sep 2021 16.05 16.10 16.35 15.65 0.385 times
07 Tue Sep 2021 15.90 15.65 16.60 15.20 1.391 times
06 Mon Sep 2021 15.65 15.75 16.00 15.60 0.978 times
03 Fri Sep 2021 15.75 16.30 16.30 15.60 0.711 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 16.7, but if it comes below 16.7, then a intra day sell could be more profitable.
If you take a sell trade below 16.7, then use 16.7 as stoploss and 16.15 as target. However if you take a buy trade in stock , then use 16.7 as stoploss and 17.5 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 11.75
Downside Target 13.82
Downside Target 14.45
Downside Target 14.95
Downside Target 15.77
Downside Target 16.45
Upside Target 16.95
Upside Target 17.57
Upside Target 17.90
Upside Target 18.05
Upside Target 19.25
Upside Target 19.75
Upside Target 23.30

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 15.78
Downside Intraday Target 14.82
Upside Intraday Target 17.88
Upside Intraday Target 19.02
Upside Intraday Target 16.92

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
17 Fri Sep 2021 16.75 16.10 18.05 15.95 1.684 times
09 Thu Sep 2021 16.05 15.75 16.60 15.20 0.903 times
03 Fri Sep 2021 15.75 16.25 16.45 15.10 1.056 times
27 Fri Aug 2021 15.80 16.49 16.95 15.00 1.11 times
20 Fri Aug 2021 16.17 17.48 17.90 15.77 0.168 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Patel Engg (PatelEngg)

Date Monthly Closing Price Open High Low Volume
17 Fri Sep 2021 16.75 15.85 18.05 15.10 0.265 times
31 Tue Aug 2021 15.70 15.10 19.25 13.82 2.966 times
30 Fri Jul 2021 15.00 18.45 19.75 14.95 0.313 times
30 Wed Jun 2021 18.45 15.35 23.30 14.45 6.895 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 20, 17, 11 Buy
MACD 0, -0Buy
Stochastics 73Buy
CCI 57Sell
RSI 55Buy
OBV 912510Sell
VWAP 17Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Patel Engg in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Patel Engg in short term but SELL 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 16.64 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 positive

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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