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(PATELENG) Patel Engineering complete technical analysis [charts+indicators] | Buy/Sell Patel Engineering | (PATELENG) share price targets

Complete technical analysis of Patel Engineering (PATELENG) by charts plus indicators, forecast predictions and share price targets for Patel Engineering (PATELENG)

Patel Engineering trades in NSE in Construction & Engineering sector.

10 day averaged volume of Patel Engineering is 6220991

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	64.60	65.40	65.45	64.05	0.719 times
25 Thu Apr 2024	65.10	64.75	66.20	64.00	0.789 times
24 Wed Apr 2024	64.35	64.05	65.90	63.95	1.26 times
23 Tue Apr 2024	63.65	63.95	64.70	62.55	1.448 times
22 Mon Apr 2024	62.85	60.30	63.80	60.30	1.631 times
19 Fri Apr 2024	59.00	58.00	59.30	56.75	0.657 times
18 Thu Apr 2024	58.90	60.00	60.85	58.00	0.62 times
16 Tue Apr 2024	59.45	57.55	60.45	56.90	0.7 times
15 Mon Apr 2024	58.00	57.00	59.25	56.80	0.927 times
12 Fri Apr 2024	60.80	59.90	62.30	59.80	1.349 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 63.6, but if it comes below 63.6, then a intra day sell could be more profitable.
If you take a sell trade below 63.6, then use 63.6 as stoploss and 61.13 as target. However if you take a buy trade in stock , then use 63.6 as stoploss and 66.5 as target.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	48.65
Downside Target	51.05
Downside Target	55.80
Downside Target	60.30
Downside Target	62.85
Upside Target	65.10
Upside Target	66.20
Upside Target	69.70
Upside Target	70.75
Upside Target	71.60
Upside Target	79.00

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	61.2
Downside Intraday Target	57.8
Upside Intraday Target	67.1
Upside Intraday Target	69.6
Downside Intraday Target	63.7

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	64.60	60.30	66.20	60.30	2.013 times
19 Fri Apr 2024	59.00	57.00	60.85	56.75	0.998 times
12 Fri Apr 2024	60.80	62.40	62.85	58.90	0.612 times
05 Fri Apr 2024	62.05	57.50	65.10	57.50	1.647 times
28 Thu Mar 2024	56.90	56.75	59.10	55.80	0.573 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 Engineering (PATELENG)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	64.60	57.50	66.20	56.75	0.799 times
28 Thu Mar 2024	56.90	69.00	71.60	51.05	0.489 times
29 Thu Feb 2024	67.85	70.00	79.00	63.95	1.545 times
31 Wed Jan 2024	69.05	61.70	70.75	58.20	0.737 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 Engineering (PATELENG)

Price action analysis of Patel Engineering ( (PATELENG) ) 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 Engineering ( (PATELENG) ) 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 Engineering ( (PATELENG) ) 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 Engineering stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Patel Engineering 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 Engineering 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 Engineering 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 Engineering is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 62 and Patel Engineering (PATELENG) 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 Engineering (PATELENG) stock. Volume based technical analysis of Patel Engineering (PATELENG) stock is negative.

Patel Engineering 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.