PATELENG NEWS why is Patel Engineering Limited price falling or rising

PATELENG NEWS reasons for why stock price of Patel Engineering Limited is falling or rising

PATELENG Patel Engineering is falling or rising technical reasons

Technical analysis forecast of Patel Engineering 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 PATELENG at this time. Stock is rising and might rise more.

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

Stock of Patel Engineering (PATELENG) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Patel Engineering is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Patel Engineering stays above 63.8, but if it comes below 63.8, then a intra day sell could be more profitable.
If you take a sell trade below 63.8, then use 63.8 as stoploss and 61.31 as target. However if you take a buy trade in Patel Engineering, then use 63.8 as stoploss and 66.8 as target.

PATELENG Patel Engineering is falling or rising NEWS fundamental reasons

Company Announcement Patel Engineering Limited has informed the Exchange regarding Outcome of Allotment Committee Meeting held on April 22, 2024. - NEWS as on 2024-04-23

Patel Engineering launches QIP issue with floor price of Rs 59.50 per share Construction company Patel Engineering Ltd has launched a qualified institutional placement (QIP) issue and has set a floor price of Rs 59.50 per share. In a regulatory filing the company said the allotment committee of the board at its meeting held on Apr - NEWS as on 2024-04-23 business-standard.com

Company Announcement Rupen Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.  - NEWS as on 2024-04-10

Company Announcement Patel Engineering Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - NEWS as on 2024-04-09

Company Announcement - NEWS as on 2024-03-28

Company Announcement Patel Engineering Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on March 08, 2024. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results. - NEWS as on 2024-03-11

Company Announcement Patel Engineering Limited has informed the Exchange about Investor Presentation - NEWS as on 2024-03-01

Company Announcement Patel Engineering Limited has informed the Exchange regarding 'Further to our intimation dated February 21, 2024 regarding the re-schedule of Analyst/investor meeting of February 26, 2024 and pursuant to Regulation 30 of SEBI (Listing Obligation and Disclo - NEWS as on 2024-02-27

Company Announcement Patel Engineering Limited has informed the Exchange about Schedule of meet - NEWS as on 2024-02-22

Company Announcement Patel Engineering Limited has informed the Exchange regarding a press release dated February 21, 2024, titled "Press Release Irrigation & CAD Department, Government of Telangana has declared, Patel Engineering Limited ( Company or PEL ) along with its - NEWS as on 2024-02-21

Company Announcement Patel Engineering Limited has informed the Exchange about Copy of Newspaper Publication - NEWS as on 2024-02-19

Company Announcement Patel Engineering Limited has informed the Exchange about Transcript - NEWS as on 2024-02-16

More announcements and NEWS

PATELENG Patel Engineering Limited current price & indicator signals

Moving Averages for Patel Engineering Limited

  • 5Day Average: 62.99
  • 12Day Average: 61.05
  • 20Day Average: 60.71
  • 50Day Average: 63.05
  • 100Day Average: 62.91
  • 150Day Average: 58.56
  • 200Day Average: 53.04

PATELENG Indicators & signals

Indicator MACD (12,26,9)

61.82, 61.32, -0.28
Indicator MACD is in positive zone

Indicator ADX (14)

20.86, 28.28, 18.52
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 48
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 Thu Apr 2024 65.10 64.00 to 66.20 1.17% 0.82 times
24 Wed Apr 2024 64.35 63.95 to 65.90 1.1% 1.31 times
23 Tue Apr 2024 63.65 62.55 to 64.70 1.27% 1.5 times
22 Mon Apr 2024 62.85 60.30 to 63.80 6.53% 1.69 times
19 Fri Apr 2024 59.00 56.75 to 59.30 0.17% 0.68 times
18 Thu Apr 2024 58.90 58.00 to 60.85 -0.93% 0.64 times
16 Tue Apr 2024 59.45 56.90 to 60.45 2.5% 0.73 times
15 Mon Apr 2024 58.00 56.80 to 59.25 -4.61% 0.96 times
12 Fri Apr 2024 60.80 59.80 to 62.30 2.1% 1.4 times
10 Wed Apr 2024 59.55 58.90 to 60.95 -0.58% 0.64 times
09 Tue Apr 2024 59.90 59.35 to 61.35 -1.8% 0.45 times
08 Mon Apr 2024 61.00 60.80 to 62.85 -1.69% 0.53 times

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