The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
ENGINEERS INDIA #ENGINERIN in 1999 has fallen from 104 to 5 rs... and from 5 rs in 2001 to 265 by 2010 which is almost 2.618% Similarly, #ENGINERIN fell from 265 in 2010 to 50 rs by 2020 which is almost 50% retracement from the life time retracement fibs... (refer markings on the chart)... Continuation of its 10 yrs yield trend, expecting #ENGINERIN to touch...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA . Risk Reward Ratio - 1:1 SL is placed below multiple major support zones and target is place near upper trendline.
Weekly Time frame 1-3 months time period analysis price respecting trend line. expecting momentum above marked resistance . target 1 at 120-122 target 2 - 200 **Educational VIew only
Allow it to come down to .5 Level.- 79/80 for initial entry. Further on Price Action.
CMP-81.75 STOP LOSS-70 TARGET-93/107/124/140.
ENGINEERSIN looks like this stock is coming out of down trend. Good Buying seen and the stock closing above previous trend/resistance levels. Please do own analysis before going ahead. 85/100/110 seems to be coming in sight. Trade carefully .. based on market trend.
Scrip is near to the support so go for long with stop loss below support ( Positional).
NSE:ENGINERSIN Reason Being: 1. RSI taking multiple time support 2. 2 Hourly RSI Crosses above 60 3. Parallel Channel breakout 4. Double bottom formation View Negated Below: 72.9 in hourly closing Basis #Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position....
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...
Enginersind bullish as long as it stays above 80 levels.Wait for the retest & long above green candle formation with stoploss of 75 on closing basis.Target 94/102/122
Engineers india expecting to break the above trend line to reach the target mentioned on the chart. Let's see..
Look for break of left shoulder before opening a long Else buy zone is 72.