Stock analysis Patel Retail Limited PATELRMART
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Technical analysis forecast for Patel Retail 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 Retail Limited PATELRMART at this time. Stock is falling and might fall more.
It appears as if Patel Retail Limited PATELRMART gave a large move recently.
Stock of Patel Retail Limited (PATELRMART) 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 Retail Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Patel Retail Limited stays below 227.4, but if it comes above 227.4, then a intra day buy could be more profitable.
If you take a sell trade below 227.4, then use 227.4 as stoploss and 220.9 as target. However if you take a buy trade in Patel Retail Limited, then use 227.4 as stoploss and 232.93 as target.
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