Patel Engineering - Head & Shoulder formationWith H&S formation Patel Engineering will have following targets
T1: 32
T2: 27
T3: 22
PATELENG trade ideas
AS INFRASTRUCTURE SECOTR IS BACK ON TRACK - PATELENG FOR YOUEverything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
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Pennant formation on PATELENGPATELENG formed a Pennant chart pattern on daily chart. Multiple support and resistance were tested before the breakout. On the breakout day there was above average volume pushing the price higher. Looking at the current price level seems ideal time to enter with stop loss just below the breakout candle and target the width of the Pennant. This trade offers ideal risk reward of 1:2 or probably higher depending on how the trade moves. Would be good if you have a trailing stop loss based on where price takes support next.
Hope you like this idea. If you like, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
Patel Eng for Long and Swing TradeFundamentally and Technically At good Price!!!!!
Having Good Order Book
Cash Flows Positive
Improved Return Ratios
PATEL ENG - Swing Trade Idea , 15% ROI.The stock is moving out of a consolidation - 1 month old. Entry 66. TARGET one may look for 74.
PATEL ENGINEERING is looking bullishPATELENG 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 opportunity to enter the short-term trade with a risk and reward ratio above 3.5 and target 87 to 90.
Patel Engineering - Buy or WaitAs 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 before enytering into stock buying/selling.
Thanks for supporting as always
Patel EngineeringPatel 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.
Patel Engineering (PATELENG): Building a Bullish Foundation
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 marked by positive indicators. Look for patterns like higher highs and higher lows, suggesting an upward trend.
Moving Averages: Analyzing moving averages such as the 50-day and 200-day can provide insights into the stock's momentum and potential crossovers.
Fundamental Analysis:
Company Profile: Patel Engineering is renowned for its prowess in the construction and infrastructure sector, with a strong track record of delivering projects in India and abroad.
Financial Health: Investigate key financial metrics such as revenue growth, profit margins, and debt levels. This will help gauge the company's financial stability.
Market Position: Consider Patel Engineering's competitive position within the construction industry and its ability to secure new projects and contracts.
Key Insights:
Infrastructure Growth: With increasing investments in infrastructure development, Patel Engineering stands to benefit from a growing demand for construction services.
Government Initiatives: Keep an eye on government infrastructure initiatives and policies, as they can significantly impact the company's prospects.
Risk Management: Always have a risk management strategy in place, including stop-loss levels and diversification.
In summary, Patel Engineering is building a bullish case both technically and fundamentally. However, it's essential to remember that investing carries inherent risks, and past performance is not indicative of future results. Always conduct thorough research and consider consulting with a financial advisor before making investment decisions.
Stay tuned for updates on Patel Engineering and be prepared to capitalize on this potential investment opportunity. 🏗️📈
Technical Analysis:
Patel Engineering is currently trading in a bullish trend on the daily chart, with a series of higher highs and higher lows.
The stock has recently broken out of a bullish consolidation pattern, suggesting that further upside is likely.
The stock is also above its 50-day and 200-day moving averages, which is another bullish sign.
Volume has been increasing on recent up days, which confirms the bullish trend.
Fundamental Analysis:
Patel Engineering is a leading Indian infrastructure construction company with a strong track record of profitability and growth.
The company has a diversified portfolio of projects, including roads, bridges, railways, power plants, and dams.
Patel Engineering is also benefiting from the Indian government's focus on infrastructure development.
Key Insights:
Patel Engineering is a well-established and profitable company with a strong track record and a diversified portfolio of projects.
The company is also benefiting from the Indian government's focus on infrastructure development.
The technicals for Patel Engineering are also bullish, with the stock in a strong uptrend and above its moving averages.
Overall, Patel Engineering is a good long-term investment opportunity in India's infrastructure sector.
Disclaimer: This is not financial advice. Please do your own research before investing in any stock.
Additional Thoughts:
The Indian government has ambitious plans to invest trillions of dollars in infrastructure over the next few years. This is expected to benefit Indian infrastructure companies like Patel Engineering. Patel Engineering is also well-positioned to benefit from the growing Indian economy and the rising demand for infrastructure.
The company has a strong management team with a proven track record. Patel Engineering is also financially sound and has a healthy balance sheet.
Overall, Patel Engineering is a good long-term investment opportunity for investors who believe in the growth of India's infrastructure sector.
patelThe 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 fully paid-up equity shares which represent 1.29 per cent share of the company.
Patel engineering 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.
Patel Engineering 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
Weekly Breakout in Patel Engineering 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 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
BOX RANGE SETUP PATELENGPATEL ENG IS FORMING BOX PATTERN. WAITING FOR PATTERN TO COMPLETE AND WAIT FOR THE BREAKOUT TRADE.
Sell Patel Engg Tgt 24 SL 54Patel Engg may fall further from current levels. RSI and BB confirm the ongoing downtrend.
