PATELENG has been trading near 60 levels and is taking support. The monthly RSI is above 74, weekly 63 and daily 48 after retracing from 44 levels. Also, it is noticeable that it has been making a rounding bottom. It is one of the strong chart patterns as accumulation occurs at the bottom stage. If it holds the 60 levels and starts climbing up, it would be an...
As per technical analysis, Patel Engineering is in uptrend but I suggest you to wait some time before buying this stock at this price level.
Buy above 64.05 or wait for a dip and buy above Golden line for safe buying opportunity or above RED line with small quantity.
I am not suggesting anyone to buy this stock, this is my personal opinion.
Do your own research...
Patel Engineering strong above 62 levels.
Usually when any stock gives 4x returns in five months,
there will be natural profit booking. We can see here 30% fall.
Rounding bottom pattern is completed. we may see
another 30% rally here if it closes above 62 levels only.
If you're on the lookout for an investment opportunity that combines a strong technical outlook with promising fundamentals, Patel Engineering (PATELENG) might just be the cornerstone of your portfolio. Let's delve into why Patel Engineering is catching the eye of astute investors.
Technical Analysis:
Chart Patterns: Patel Engineering's recent price action is...
The revenue of the company stood at Rs 1298.03 crore which grew by 16.77 per cent YoY. The operating profit of the company stood at Rs 208.72 crore, while the PAT of the company stood at Rs 82.96 crore, representing an impressive growth of 147.04 per cent YoY. The company has an order book of Rs 20,000 crore and Vijay Kedia, an Indian ace investor holds 10000000...
Patel engineering in monthly base give breakout with all time high volume .check last 5 years sheet looking impressive.
I'm not suggesting to buy I just a share view.
Risky Bet based on the recent awards and projects it has been winning lately and could be a turnover story
Has broken out of the long term downward resistance trend line and crossed bothe Gamm box and Famk angle levels
Breakout in Patel Engineering
Company is looking to breakout in weekly chart and is in good uptrend .Having good volumes
CMP Rs 89.90
Target Price Rs140
Stop loss Rs 85 Breakout in Patel Engineering
Company is looking to breakout in weekly chart and is in good uptrend .Having good volumes
CMP Rs 89.90
Target Price Rs140
Stop loss Rs 85 Breakout in Patel...
