(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 2024-05-24 View latest technical analysis
10 day averaged volume of Patel Engg is 922297
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 62.54 | 63.94 | 64.68 | 62.15 | 1.805 times |
| 23 Thu May 2024 | 63.60 | 65.14 | 65.20 | 63.47 | 1.778 times |
| 22 Wed May 2024 | 64.65 | 63.19 | 65.40 | 61.10 | 2.132 times |
| 21 Tue May 2024 | 62.24 | 65.70 | 65.95 | 61.71 | 2.108 times |
| 18 Sat May 2024 | 58.59 | 57.94 | 58.90 | 57.60 | 0.122 times |
| 17 Fri May 2024 | 57.33 | 56.60 | 57.85 | 55.96 | 0.989 times |
| 16 Thu May 2024 | 56.39 | 56.16 | 56.80 | 55.50 | 0.416 times |
| 15 Wed May 2024 | 55.96 | 56.69 | 56.99 | 55.61 | 0.758 times |
| 14 Tue May 2024 | 56.30 | 55.70 | 56.65 | 55.30 | 0.266 times |
| 13 Mon May 2024 | 55.38 | 56.91 | 56.91 | 54.19 | 0.415 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 62.1, but if it comes below 62.1, then a intra day sell could be more profitable.
If you take a sell trade below 62.1, then use 62.1 as stoploss and 58.85 as target. However if you take a buy trade in stock , then use 62.1 as stoploss and 66 as target.
Share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Target | 51.00 |
| Downside Target | 53.55 |
| Downside Target | 56.54 |
| Downside Target | 58.20 |
| Upside Target | 64.10 |
| Upside Target | 65.70 |
| Upside Target | 65.95 |
| Upside Target | 66.19 |
| 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 | 60.44 |
| Downside Intraday Target | 58.35 |
| Upside Intraday Target | 65.29 |
| Upside Intraday Target | 68.05 |
| Upside Intraday Target | 63.2 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 62.54 | 65.70 | 65.95 | 61.10 | 2.638 times |
| 18 Sat May 2024 | 58.59 | 56.91 | 58.90 | 54.19 | 0.522 times |
| 10 Fri May 2024 | 55.96 | 59.12 | 59.75 | 53.55 | 0.555 times |
| 03 Fri May 2024 | 59.25 | 65.29 | 65.70 | 56.54 | 1.52 times |
| 26 Fri Apr 2024 | 64.55 | 60.11 | 66.19 | 60.11 | 2.649 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 |
| 24 Fri May 2024 | 62.54 | 58.20 | 65.95 | 53.55 | 0.91 times |
| 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 |
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 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 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 Strong 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 stronger in this stock.
Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY 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 61.42 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.
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 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 Strong 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 stronger in this stock.
Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY 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 61.42 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.
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