PATELENG | Inverted H&S + Descending Channel BreakoutTechnical Setup
Patel Engineering has broken above a descending channel that had been in place since mid-2024 while simultaneously completing an Inverted Head & Shoulders pattern near the channel base.
The breakout was accompanied by the highest volume in the stock's history, adding conviction to
Patel Engineering Limited
No trades
No trades
Compare with Patel Engineering Limited
2.94 INR
2.61 B INR
51.03 B INR
642.07 M
Next report date
—
Report period
—
EPS estimate
—
Revenue estimate
—
Profile
Sector
Industry
CEO
Kavita Shirvaikar
Website
Headquarters
Mumbai
Founded
1949
IPO date
May 3, 2006
ISIN
INE244B01030
FIGI
BBG000FPR1F9
Identifiers
ISIN INE244B01030
Patel Engineering Ltd. engages in the provision of infrastructure and construction services. The company operates through the following segments: EPC, Real Estate, and Others. It involves in the construction of dams, tunnels, micro-tunnels, powerhouses, irrigation projects, highways, roads, bridges, railways, refineries, and estates and townships. The company was founded by Arjun Kunverji Patel, Haribhai Bhagwan Patel, Hirji Thakersey Patel, and Yashraj Govind Patel on April 2, 1949 and is headquartered in Mumbai, India.
Swing Trade - Patel EnggPatel Engineering (PATELENG) - Swing Trade Idea
Patel Engineering is showing signs of a potential trend reversal after a prolonged downtrend. The stock has formed a bullish structure near support and is attempting a breakout from a contracting pattern.
Trade Setup
📌 CMP: ₹32
🛑 Stop Loss: ₹30.
Patel Eng Ltd (1D) - Gap Resistance Breakout Attempt.On the daily timeframe, NSE:PATELENG Patel Engineering is showing strong recovery momentum after a prolonged downtrend. Price has reclaimed the 200 HMA and is now approaching a major gap-resistance zone near ₹33–₹34. The stock is attempting to fill the historical gap while RSI has moved into bulli
Patel Engineering Ltd. (1M) - Recovery From BOTTOMNSE:PATELENG Patel Engineering Limited is currently showing signs of recovery after taking support from a major long-term demand zone near ₹18–20. Following a prolonged correction from the all-time high region near ₹76, the stock appears to be attempting a base formation and trend stabilization on
Classic Reversal Patterns: Inverted Head & Shoulder📈 Classic Reversal Patterns: Inverted Head & Shoulder
In technical analysis, an uptrend reflects higher highs and higher lows, showing sustained buyer strength. Recognizing continuation or reversal signals within this structure is vital for traders.
One of the most reliable reversal patterns is the
Patel Engineering - Multibagger with a turn around story ? Patel Engineering,
Looks like a turn around story in the making. After a rounded bottom it completed wave 1 at about 70 and now completed wave 2 around 35 in April.
Now its all set for the next impulse move ( wave 3 ) with a breakout happening. that should give multi bagger gains.
Details in char
Shift in Business Dynamics Why should we focus on the company, and why is it worth monitoring in the coming quarters?
1. Leadership Change : After the passing of Mr. Rupen Patel (Chairman & MD) in July, the impact on the stock price has been factored in. It's important to observe how the new management directs and develops th
Patel Engineering - Best to add above 84Patel Engineering - Potential Cup & Handle.
It's peers NCC / HCC has already made their moves and this stock is yet to catch up.
One can enter at current price and can increase your allocation above 84.
With Strict stop loss of 56
Pro Tip : You may want to put alerts in your broking account an
11 months of consolidation. After giving multibagger returns, the stock has been consolidating for 11 months. A QIP was conducted in which many large, reputed institutions participated. No recommendation to buy or sell for now. We will observe the results. Only after that should one enter. The death of Mr. Rupen was unfortunat
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
— YTM
Maturity dateAug 26, 2028
Coupon10.25% (Fixed)
See all PATELENG bonds
Frequently asked questions
The current price of PATELENG is 30.17 INR — it has decreased by −2.31% in the past 24 hours. Watch Patel Engineering Limited stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange Patel Engineering Limited stocks are traded under the ticker PATELENG.
PATELENG stock has fallen by −6.06% compared to the previous week, the month change is a 2.74% rise, over the last year Patel Engineering Limited has showed a −21.99% decrease.
We've gathered analysts' opinions on Patel Engineering Limited future price: according to them, PATELENG price has a max estimate of 33.00 INR and a min estimate of 33.00 INR. Watch PATELENG chart and read a more detailed Patel Engineering Limited stock forecast: see what analysts think of Patel Engineering Limited and suggest that you do with its stocks.
PATELENG reached its all-time high on Jan 4, 2008 with the price of 713.03 INR, and its all-time low was 6.31 INR and was reached on Aug 29, 2019. View more price dynamics on PATELENG chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
PATELENG stock is 3.23% volatile and has beta coefficient of 1.74. Track Patel Engineering Limited stock price on the chart and check out the list of the most volatile stocks — is Patel Engineering Limited there?
Today Patel Engineering Limited has the market capitalization of 30.05 B, it has decreased by −5.64% over the last week.
Yes, you can track Patel Engineering Limited financials in yearly and quarterly reports right on TradingView.
Patel Engineering Limited is going to release the next earnings report on Aug 12, 2026. Keep track of upcoming events with our Earnings Calendar.
PATELENG net income for the last quarter is 415.08 M INR, while the quarter before that showed 703.50 M INR of net income which accounts for 0.00% change. Track more Patel Engineering Limited financial stats to get the full picture.
No, PATELENG doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Patel Engineering Limited EBITDA is 6.84 B INR, and current EBITDA margin is 13.41%. See more stats in Patel Engineering Limited financial statements.
Like other stocks, PATELENG shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Patel Engineering Limited stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Patel Engineering Limited technincal analysis shows the neutral today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Patel Engineering Limited stock shows the sell signal. See more of Patel Engineering Limited technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.









