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 |
| 15 Wed Jan 2025 | 49.38 | 49.10 to 50.19 | 0.02% | 0.56 times |
| 14 Tue Jan 2025 | 49.37 | 47.92 to 49.60 | 2.77% | 0.67 times |
| 13 Mon Jan 2025 | 48.04 | 47.50 to 49.72 | 0% | 1.42 times |
| 13 Mon Jan 2025 | 48.04 | 47.50 to 49.72 | -0.5% | 1.42 times |
| 10 Fri Jan 2025 | 48.28 | 47.51 to 49.58 | -1.27% | 1.29 times |
| 09 Thu Jan 2025 | 48.90 | 48.57 to 49.55 | -1.07% | 0.62 times |
| 08 Wed Jan 2025 | 49.43 | 49.05 to 50.46 | -1.81% | 0.89 times |
| 07 Tue Jan 2025 | 50.34 | 49.37 to 50.75 | 1.41% | 0.79 times |
| 06 Mon Jan 2025 | 49.64 | 49.22 to 52.80 | -5.72% | 1.5 times |
| 03 Fri Jan 2025 | 52.65 | 52.50 to 53.54 | -0.38% | 0.72 times |
| 02 Thu Jan 2025 | 52.85 | 51.91 to 53.30 | 1.52% | 0.68 times |
| 01 Wed Jan 2025 | 52.06 | 51.70 to 52.57 | 0.17% | 0.49 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 48.9 as stoploss in an intra day buy trade for a target of 50.81. However, stock will show a bearish move below 48.9.