Engineers India gave a perfect Triangle breakout on monthly chart.
82.5 is a first resistance once sustains above this then stock will go for target of 109.25 In few years can reach a target of 200+ if it shows improved earnings Stop loss should be base of triangle pattern on closing basis.
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The breakout trade will be confirmed by end of this month. Then go Long
Trade active
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Trade active and go Long Stop Loss - 68.20 on closing basis (Monthly) Buying Range Rs. 72 to 83
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some of the targets marked on chart is completed. Now waiting for 200 to be breached
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Important resistance taken out today 200 is coming and if the lifetime high is broken and sustained then aim for the sky
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Don't sell due to weak market. Hold it and money will come. All targets will come. Problem with retail investors is fear and pre-mature exit.
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will go through some retracements before achieving the final targets. Hold
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Final target still intact
Trade closed: target reached
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All three targets reached. Took more than a year but more than doubled the money.