(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 2024-04-05 View latest technical analysis
10 day averaged volume of Patel Engg is 790896
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Fri Apr 2024 | 62.10 | 63.29 | 63.40 | 61.50 | 2.478 times |
| 04 Thu Apr 2024 | 63.27 | 63.89 | 65.10 | 62.30 | 0.715 times |
| 03 Wed Apr 2024 | 63.06 | 62.46 | 63.55 | 62.00 | 0.973 times |
| 02 Tue Apr 2024 | 62.46 | 60.25 | 62.95 | 59.91 | 0.747 times |
| 01 Mon Apr 2024 | 60.26 | 57.39 | 60.99 | 57.39 | 2.227 times |
| 28 Thu Mar 2024 | 56.95 | 58.14 | 59.00 | 56.55 | 0.528 times |
| 27 Wed Mar 2024 | 57.30 | 57.37 | 58.60 | 55.98 | 2.04 times |
| 26 Tue Mar 2024 | 56.25 | 56.82 | 57.86 | 56.00 | 0.546 times |
| 22 Fri Mar 2024 | 56.84 | 56.45 | 57.40 | 55.82 | 0.59 times |
| 21 Thu Mar 2024 | 56.54 | 56.38 | 58.19 | 55.69 | 0.861 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 bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 61.8, but if it comes below 61.8, then a intra day sell could be more profitable.
If you take a sell trade below 61.8, then use 61.8 as stoploss and 58.47 as target. However if you take a buy trade in stock , then use 61.8 as stoploss and 65.8 as target.
Share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Target | 48.61 |
| Downside Target | 51.00 |
| Downside Target | 52.96 |
| Downside Target | 55.98 |
| Downside Target | 57.39 |
| Downside Target | 61.65 |
| Upside Target | 64.10 |
| Upside Target | 65.10 |
| 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 | 57.96 |
| Downside Intraday Target | 53.82 |
| Upside Intraday Target | 65.67 |
| Upside Intraday Target | 69.24 |
| Downside Intraday Target | 61.53 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Fri Apr 2024 | 62.10 | 57.39 | 65.10 | 57.39 | 2.293 times |
| 28 Thu Mar 2024 | 56.95 | 56.82 | 59.00 | 55.98 | 0.576 times |
| 22 Fri Mar 2024 | 56.84 | 56.99 | 58.19 | 52.96 | 0.362 times |
| 15 Fri Mar 2024 | 55.68 | 63.93 | 64.50 | 51.00 | 2.741 times |
| 07 Thu Mar 2024 | 63.57 | 70.63 | 71.50 | 61.65 | 0.712 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 |
| 05 Fri Apr 2024 | 62.10 | 57.39 | 65.10 | 57.39 | 0.237 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 |
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 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 neutral. A longer time frame might give a better analysis.
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 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 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 SELL signal in short term but selling 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 59.91 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.
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 neutral. A longer time frame might give a better analysis.
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 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 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 SELL signal in short term but selling 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 59.91 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.
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