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Long

Engineers India : Bullish Cypher Patter with Double Bottom

NSE_EOD:ENGINERSIN   ENGINEERS INDIA INR5
We all know from recent news that ENGINERSIN is oversubscribed by more than twice with Government's recent disinvestment plan. This is Fundamental News,Lets see how we are going to convert this fundamental news into a Valid Buying Opportunity with Technical Analysis .

Article Here : http://www.thehindubusinessline.com/markets/stock-markets/engineers-india-offerforsale/article8167347.ece

1) Bullish Cypher Pattern completion
2) Double Bottom
3) RSI Bullish Divergence
4) Good Risk :Reward

Guys, I dont wait for anymore confirmation or reason for entering Long in ENGINERSIN, as it suits my plan.
Trade if it suits your plan also

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Happy Trading !

*** With Great Power, there comes Great Responsibility ***
AMBRISH
10 months ago
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