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.
Started moving in the desired direction.
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
Anyone can update me about this stock- what has happened here in the counter.
Bonus declared 1:1 in the stock or something else as the stock came directly to 143 prior low.
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw