28.4000 -1.02 (-3.47%)
NSE Jan 23, 2026 12:06 PM
Volume: 2.6M
 

28.40
-3.47%
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 has lost -24.83% in the last 6 Months
More from Patel Engineering Ltd.
Recommended