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Stock analysis Patel Engineering Limited PATELENG

More indepth analysis on MunafaSutra.com

Moving Averages for Patel Engineering Limited

  • 5Day Average: 44.03
  • 12Day Average: 41.98
  • 20Day Average: 41.34
  • 50Day Average: 42.43
  • 100Day Average: 47.22
  • 150Day Average: 49.32
  • 200Day Average: 51.27

PATELENG Indicators & signals

Indicator MACD (12,26,9)

42.79, 42.24, -0.12
Indicator MACD is in positive zone

Indicator ADX (14)

39.45, 38.58, 16.75
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PATELENG Patel Engineering Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Fri Apr 2025 45.35 44.25 to 48.60 2.07% 7.82 times
24 Thu Apr 2025 44.43 43.44 to 44.95 1.86% 1.54 times
23 Wed Apr 2025 43.62 42.52 to 44.22 0.09% 1.12 times
22 Tue Apr 2025 43.58 42.80 to 44.55 0.93% 1.64 times
21 Mon Apr 2025 43.18 41.96 to 43.49 1.98% 0.99 times
17 Thu Apr 2025 42.34 41.80 to 42.80 -0.47% 0.7 times
16 Wed Apr 2025 42.54 41.41 to 43.19 2.78% 1.28 times
15 Tue Apr 2025 41.39 40.51 to 41.54 3.81% 0.76 times
11 Fri Apr 2025 39.87 39.51 to 40.60 1.55% 0.53 times
09 Wed Apr 2025 39.26 38.99 to 39.79 -1.51% 0.57 times
08 Tue Apr 2025 39.86 39.40 to 40.15 4.13% 0.87 times
07 Mon Apr 2025 38.28 35.68 to 38.60 -4.37% 1.66 times

Technical analysis forecast of Patel Engineering Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Patel Engineering Limited PATELENG at this time. Stock is rising and might rise more.

It appears as if Patel Engineering Limited PATELENG gave a large move recently.

Stock of Patel Engineering Limited (PATELENG) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Patel Engineering Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Patel Engineering Limited stays above 44.2, but if it comes below 44.2, then a intra day sell could be more profitable.
If you take a sell trade below 44.2, then use 44.2 as stoploss and 42.26 as target. However if you take a buy trade in Patel Engineering Limited, then use 44.2 as stoploss and 46.5 as target.

More indepth analysis on MunafaSutra.com