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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.

Showing technical analysis as on 2024-04-12 View latest technical analysis

10 day averaged volume of Patel Engineering is 5237438

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	60.80	59.90	62.30	59.80	1.602 times
10 Wed Apr 2024	59.55	59.90	60.95	58.90	0.734 times
09 Tue Apr 2024	59.90	61.30	61.35	59.35	0.517 times
08 Mon Apr 2024	61.00	62.40	62.85	60.80	0.605 times
05 Fri Apr 2024	62.05	63.20	63.50	61.45	1.232 times
04 Thu Apr 2024	63.25	63.50	65.10	62.20	1.031 times
03 Wed Apr 2024	63.10	62.45	63.55	62.05	0.835 times
02 Tue Apr 2024	62.45	60.20	62.95	59.80	1.151 times
01 Mon Apr 2024	60.30	57.50	61.00	57.50	1.402 times
28 Thu Mar 2024	56.90	57.90	59.10	56.50	1.011 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 61.4 as stoploss in an intra day sell trade for a target of 58.32. However, stock will show a bullish move above 61.4.

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	48.65
Downside Target	51.05
Downside Target	52.95
Downside Target	55.80
Downside Target	57.50
Upside Target	62.85
Upside Target	64.70
Upside Target	65.10
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	58.85
Downside Intraday Target	56.9
Upside Intraday Target	62.8
Upside Intraday Target	64.8
Upside Intraday Target	60.85

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
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
22 Fri Mar 2024	56.85	56.75	58.20	52.95	0.648 times
15 Fri Mar 2024	55.65	63.75	64.70	51.05	1.884 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 Engineering (PATELENG)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	60.80	57.50	65.10	57.50	0.373 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Patel Engineering stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Patel Engineering 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 Engineering 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. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Patel Engineering in short term but BUY signal is weak.

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

Stock of Patel Engineering 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 and Patel Engineering (PATELENG) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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