📈 Stock Name - Engineers India Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 262.
🚨 Disclaimer: This is not a Buy or Sell...
we are looking ENGINERSIN Bearish move after some buying pressure.
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are...
This analysis is purely based on price action and Chart Patterns.
The analysis is on daily TF hence target can be achieved in couple of days to weeks.
As can be seen from the chart, actual breakout with huge volume has happened on 01st march itself. Thereafter the price has been coming down but the volume is drying up continuously which shows that big hands are...
Once again the stock has formed a doji which means there is a fight between bears and bulls. Gradually slowly the price is also shifting in the upper direction, RSI is going above 60 & seems like a good buying opportunity in the stock. Our 1st Target should be of 1 point only but once it crosses the price range of 80-81 we can expect a target of 83-84 also.
ENGINERSIN is forming a triangle pattern , personally I would look for a reversal sign or patiently wait for a breakout.
Best of luck , Hope this pattern turns positive for you. NSE:ENGINERSIN
