Stock analysis Patel Engineering Limited PATELENG
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Recent prices of PATELENG Patel Engineering Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 08 Wed May 2024 | 56.95 | 55.45 to 58.00 | 2.52% | 0.69 times |
| 07 Tue May 2024 | 55.55 | 54.45 to 57.85 | -3.81% | 0.81 times |
| 06 Mon May 2024 | 57.75 | 57.05 to 59.75 | -2.53% | 0.8 times |
| 03 Fri May 2024 | 59.25 | 58.10 to 59.75 | 2.6% | 1.45 times |
| 02 Thu May 2024 | 57.75 | 57.35 to 58.65 | 0.26% | 1.04 times |
| 30 Tue Apr 2024 | 57.60 | 56.50 to 59.95 | -9.15% | 3.29 times |
| 29 Mon Apr 2024 | 63.40 | 63.15 to 65.70 | -1.86% | 0.36 times |
| 26 Fri Apr 2024 | 64.60 | 64.05 to 65.45 | -0.77% | 0.38 times |
| 25 Thu Apr 2024 | 65.10 | 64.00 to 66.20 | 1.17% | 0.42 times |
| 24 Wed Apr 2024 | 64.35 | 63.95 to 65.90 | 1.1% | 0.67 times |
| 23 Tue Apr 2024 | 63.65 | 62.55 to 64.70 | 1.27% | 0.77 times |
| 22 Mon Apr 2024 | 62.85 | 60.30 to 63.80 | 6.53% | 0.87 times |
Technical analysis forecast for Patel Engineering Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Patel Engineering Limited PATELENG at this time. Stock is falling and might fall more.
It appears as if Patel Engineering Limited PATELENG gave a large move recently.
Stock of Patel Engineering Limited (PATELENG) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Patel Engineering Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Patel Engineering Limited stays below 57, but if it comes above 57, then a intra day buy could be more profitable.
If you take a sell trade below 57, then use 57 as stoploss and 53.7 as target. However if you take a buy trade in Patel Engineering Limited, then use 57 as stoploss and 59.79 as target.