Patel Retail Gets Technical Boost From Anand Rathi, Sees 14% Upside For Stock Price

Mumbai (Maharashtra) [India], November 8: Anand Rathi has featured Patel Retail Limited as its Pick of the Month, highlighting the company’s strong technical setup and potential short-term upside. According to the report, Patel Retail has exhibited a bullish divergence on the hourly chart, where the stock price has been forming lower lows while the MACD indicator has been forming higher lows. This pattern typically indicates a slowdown in selling pressure and signals the possibility of a trend reversal.

The brokerage expects the stock to witness a rebound from current levels and has recommended a buying range of ₹210–₹215 with a target price of ₹242, reflecting an upside potential of approximately 14% over the next month. A stop-loss at ₹197.5 on a daily closing basis has been advised to manage downside risk. Sustained movement above ₹225 could further confirm the reversal trend and attract additional buying momentum.

Disclaimer: This press release is for informational purposes only and does not constitute financial advice.

Related Posts

Masumi Mewawalla Brings Her Signature Couture Aesthetic to Coffee with Couples

The designer joined Chairman’s Collection by Raymond × Vows Vachan as the exclusive bridal and women’s wear designer partner, bringing her distinctive approach to luxury fashion to a curated wedding…

Dimension NXG Launches OJAS Forward Deployed Engineering to Take Hospital AI From Pilot to Patient, Six Months Ahead of India’s Data Protection Deadline

The new division embeds engineering teams inside hospitals, health systems and government health programmes in India and the Gulf, running clinical AI on the hospital’s own infrastructure so patient data…

You Missed

Masumi Mewawalla Brings Her Signature Couture Aesthetic to Coffee with Couples

Masumi Mewawalla Brings Her Signature Couture Aesthetic to Coffee with Couples

Dimension NXG Launches OJAS Forward Deployed Engineering to Take Hospital AI From Pilot to Patient, Six Months Ahead of India’s Data Protection Deadline

Dimension NXG Launches OJAS Forward Deployed Engineering to Take Hospital AI From Pilot to Patient, Six Months Ahead of India’s Data Protection Deadline

Sarvajanik University Extends Diwali and New Year Greetings

Sarvajanik University Extends Diwali and New Year Greetings

Why American Pistachios are Taking Over Modern Luxury Diwali Gifting Hampers

Why American Pistachios are Taking Over Modern Luxury Diwali Gifting Hampers

The Festive Mithai Makeover: Chef Hina Gujral Shares 2 Traditional Indian Sweets That Taste Better with U.S. Cranberries

The Festive Mithai Makeover: Chef Hina Gujral Shares 2 Traditional Indian Sweets That Taste Better with U.S. Cranberries

From Chutneys to Chaat: How U.S. Cranberries Are Redefining Diwali Party Starters

From Chutneys to Chaat: How U.S. Cranberries Are Redefining Diwali Party Starters