ENGINERSIN formed a descending broadening wedge on daily chart. Price broke out of resistance line today with strong volume. Price close high indicating bulls are out there. Note the volume when price falls as it stays below average line indicating sellers are not willing to sell at lower price. This is also confirmed by volume hike when price is moving high....
price is coming from strong demand zone and we can look for now long trade .
As per our given viewpoint we can also do a swing long trade or put as a investment it can give almost a 30% best stock to invest now. NSE:ENGINERSIN
Spent hours on an Engineers India con-call, sharing analysis to the point in
disc: Invested, do your own research
📊 Company Update on Engineers India Limited (EIL) #EIL #Q2FY24 #FinanceReport
Financial Performance: EIL's turnover for Q2 ending Sep 2023 was INR 777 cr, a slight dip from INR 808 cr in Q1 FY23-24. Half-year turnover stood at INR 1586 cr....
You should definitely have it your portfolio..
CMP 212
Buy at CMP
Target 🎯 For multibagger
Sl below 130 closing basis
PRO's:
Debt free
Low P/E
High ROE
High ROCE
Con's:
Decrease Promoter Holding
Low EPS
Decreasing Profit
Note : It's my own views on the mentioned stock not any recommendation for the buying or selling of the mentioned stock .. its for learning purpose.
Here is my chart for Engineers India. I have entered in at 233.50. There is resistance near 236, if you want to be safer you guys can probably enter after 236 is broken. Overall we are targeting 269, however, we also have a small target of 9% attached in the charts. Follow along if you may. No buy sell reco NSE:ENGINERSIN
📈 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...
Public sector enterprises , that is the government companies in India are showing strength and value buying last year or two. The mindset/trust of investors and traders is gaining in these companies. But we need to ensure that the fundamentals and technicals are respected.
One such company following the above criteria is 'Engineers India' .
This script is near 14...
