Viewing trending lines one can make long position if daily closes above 82 or if it falls on support around 70. So, better wait and gain than hurry and loose. RSI in buying zone not in overbought and increase in volume indicating positive upward move. Trade cautiously.
Watch for breakout of long term resistances. Stock is trading in its low levels. Can create new higher highs breaking the all time high created after 2008.
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
All the details provided in the chart. Stock is part of Make-In-India campaign being promoted by India. You can also keep this for long term portfolio
DISCLAIMER:
As a trader, you should consider your own risk: reward ratio and do proper lot sizing according to your margin and leverage level. This analysis is a trading idea, not a trading signal for you. Consult...
FOR THE LAST 1 HOUR BULL ARE IN CONTROL OF THIS SHARE .....TAKE AN ENTRY AT107 AND KEEP THE STOPLOSS AT 95 WITH A TARGET OF 115+ FOR 1-2 WEEK ................................SWNGG IT SWINGGIT SWINNNNG IT
After a big rise (70 to 210) price is taking support near the present level for last one-and-half years. This may be a good preparation for a possible ride.
