WaveTalks

ENGINEERS INDIA- Short Term Buy for 325 & Long Term Sell for 70

Long
WaveTalks Updated   
NSE:ENGINERSIN   ENGINEERS INDIA
3
(( ))- Means circled

L-S - Long First & Short Later

In Year 2008-2009- Engineers India had a parabolic rise from 50 to 500-550 zones. Since then, this stock corrected to 120's in 2013 & has been moving into a long term correct structure which appears to be flat in ((X))- wave

Short Term Opportunity- Buy
Looking for 325-330 as a target zone holding above 300

Long Term Opportunity-Sell
Looking for ((Y)) wave which could trouble Engineer's India till 50-70 zone in coming years from the zone 325-330 -once we get confirmation that it has started downside.
Trade active:
11:08 Hrs 8th Dec2016

Last Price@305

Started moving in the desired direction.
Trade active:
08:04 Hrs 15th Dec2016

Day High@315 on 14th Dec2016- Missing 325-330 zone as Evening Star Bearish Candlestick Pattern has appeared on the daily chart as shown below

Trade active:
08:18 Hrs 10th Jan2017

Last Price@152

Hi,
Anyone can update me about this stock- what has happened here in the counter.
Trade active:
08:25 Hrs 10th Jan2017

Last price@152

Bonus declared 1:1 in the stock or something else as the stock came directly to 143 prior low.

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.