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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 1263695

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 57.66 57.11 59.96 56.54 3.36 times
29 Mon Apr 2024 63.39 65.29 65.70 63.13 0.307 times
26 Fri Apr 2024 64.55 65.45 65.45 64.08 0.341 times
25 Thu Apr 2024 65.03 64.74 66.19 64.00 0.949 times
24 Wed Apr 2024 64.37 63.93 65.90 63.80 1.278 times

Stock of Patel Engg (PatelEngg) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.2, but if it comes above 59.2, then a intra day buy could be more profitable.
If you take a sell trade below 59.2, then use 59.2 as stoploss and 56.5 as target. However if you take a buy trade in stock , then use 59.2 as stoploss and 61.46 as target.

Share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Target 48.61
Downside Target 51.00
Downside Target 56.54
Upside Target 60.11
Upside Target 62.86
Upside Target 65.70
Upside Target 66.19
Upside Target 69.74
Upside Target 70.74
Upside Target 71.50
Upside Target 79.00

Intraday share price targets for Patel Engg (PatelEngg)

Target Type Value
Downside Intraday Target 54.23
Downside Intraday Target 50.81
Upside Intraday Target 63.39
Upside Intraday Target 69.13
Upside Intraday Target 59.97

Weekly technical analysis of Patel Engg (PatelEngg)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 57.66 65.29 65.70 56.54 0.746 times
26 Fri Apr 2024 64.55 60.11 66.19 60.11 2.649 times
19 Fri Apr 2024 59.01 58.10 60.90 56.84 0.747 times
12 Fri Apr 2024 60.74 62.83 62.86 58.91 0.556 times
05 Fri Apr 2024 62.10 57.39 65.10 57.39 2.293 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
30 Tue Apr 2024 57.66 57.39 66.19 56.54 0.921 times
28 Thu Mar 2024 56.95 68.99 71.50 51.00 0.789 times
29 Thu Feb 2024 68.05 70.18 79.00 64.10 1.416 times
31 Wed Jan 2024 68.97 62.14 70.74 58.20 0.61 times

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 22, 36, 24 Sell
MACD 0, 0Buy
Stochastics 55None
CCI -98Sell
RSI 42Sell
OBV 1902954Sell
VWAP 61Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short 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

Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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. 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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 61.12 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 positive

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

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Click here for further forecast and predictions for tomorrow

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