Patel Engineering Ltd (PATELENG) Long

Patel Engineering Ltd (PATELENG) :

Current Stock Performance
Current Price: ₹58.60
Day's Range: ₹57.80 - ₹59.40
52-Week Range: ₹31.45 - ₹66.95
Market Cap: ₹48.41 billion
Volatility: 2.61% with a beta of 2.79
Moving Averages
Patel Engineering's stock shows mixed signals across various moving averages:

MA5: Simple - ₹57.23, Exponential - ₹57.74 (Buy)
MA10: Simple & Exponential - ₹56.80 (Buy)
MA20: Simple - ₹54.85, Exponential - ₹55.35 (Buy)
MA50: Simple - ₹51.97, Exponential - ₹52.91 (Buy)
MA100: Simple - ₹47.53 (Buy)
Technical Indicators
Patel Engineering exhibits the following signals based on multiple technical indicators:

RSI (14): 62.13 (Buy)
Stochastic (9,6): 57.29 (Buy)
StochRSI (14): 80 (Overbought)
MACD (12,26): 3.75 (Buy)
ADX (14): 35.97 (Buy)
CCI (14): 159.24 (Buy)
Williams %R: -10.90 (Overbought)
ATR (14): 5.05 (High Volatility)
Highs/Lows (14): 10.31 (Buy)
Ultimate Oscillator: 56.68 (Buy)
ROC: 4.70 (Buy)
Bull/Bear Power (13): 19.42 (Buy)
Summary
The overall technical analysis for Patel Engineering indicates a strong buy signal. This assessment is based on a combination of moving averages and technical indicators, all suggesting a positive trend. Key indicators such as RSI, MACD, and ADX support a bullish outlook, while the stock has shown significant gains over the past year.

This technical analysis should be combined with additional research and consideration of other factors, such as market conditions and fundamental analysis, before making any investment decisions.

Please consult your financial advisor before investing
All research for educational purposes only.