NSE:ENGINERSIN
Reverse From Support
Rsi on Daily candle is above 50 for 7 days
After 2 days of forming doji candle forming bullish candle
can buy abpve 133
Sl- 115
Tgt- 145/155/163
only for educational Idea or purpose
A strong uptrend looks to be resuming in the same direction with the price taking support on 13EMA levels. DMI is also bullish indicating potential upside left. Can be a good short term long trade
Entry - 154
Stop Loss - 145
Target - 175/192
The stock is very strong in Monthly, weekly, Daily, has been on a very strong uptrend.
On the daily time frame it has moved out of 1 month old consolidation zone.
So one can look to enter the stock at the demand levels marked for a quick move till the supply zone of 180.
A good 10% opportunity exists.
Trade at your own risk.
Happy trading!
Breakout done only waiting for sma crossover for further conviction.
seems like a good buy around the 155 level by that time even sma crossover should happen
Target - 200
Sl - 146.5
ENGINERSIN Chart Analysis........23/07/23
ENGINEERS are currently trading near their Fibonacci level 0.618. Now if some correction comes from here and the price is found at 127 level. So that same buying level will remain. Here the target of the up side is marked on the main chart, which comes to the mid-term 227 level.
Enjoy !
Engineers India chart, check with daily as well as weekly time frame. See the channel pattern since inception. The stock has took support twice on Mar 2020 and July 2022 on the trend line. It is now showing a reversal from Jul 2022 with trend line breakout (see the trendline slanting down from left to right. First target 90rs and next is 140/160. Expecting a...
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...
AFTER CORONA BIG CONSOLIDATION SEEN IN THIS CHART.
they try to cross this high
SUPPORT SEEN AT 85/95
WE SEEN 104/123/138+
VIEW INVALID BELOW CB 68 LEVEL.
it has recorded substantial growth in business during FY23 by securing orders worth more than ₹4,500 crore, compared to orders of ₹1,700 crore in FY22.
Besides other areas, a significant jump is witnessed in the business secured from international assignments to around ₹600 crore from less than ₹50 crore in FY22, the company said in a statement. EIL is a PSU...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
EIL had been following an ascending channel pattern... Price seems to be taking support of the channel for upside movement. A pullback and continued to trend are expected.
Price still seems to be overvalued with the current market sentiment. If the trend fail... look for next major support.
CMP 87.90 | High volume gain | New 52 week high
Engineers India possible double bottom breakout
FII / FPI or Institutions increasing their shareholding
Strong Momentum: Price above short, medium and long term moving averages
*Not recommendation, do your due diligence
Idea :)
