27.3100 1.11 (4.24%)
NSE Jun 12, 2026 15:31 PM
Volume: 2.8M
 

27.31
4.24%
Anand Rathi
PATELENG, recently experiencing a significant downturn, is currently hovering around the 56 mark, closely mirroring its 200- day Simple Moving Average (SMA). Despite a recent reversal from a bullish bat pattern, the stock has entered a corrective phase over the past 4-5 trading sessions. Interestingly, during this correction, the size of the downward candles has been relatively small, suggesting a potential alleviation of selling pressure. Consequently, there appears to be an opportunity for investors to BUY within the range of 56-58, with an upside target of 66.
Patel Engineering Ltd. is trading below its 150 day SMA of 28.6
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