AbhishekHSinghCMT
Long

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

NSE:ENGINERSIN   ENGINEERS INDIA
301 views
3
301 2
(( ))- 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.
Dec 07
Trade active: 11:08 Hrs 8th Dec2016

Last Price@305

Started moving in the desired direction.
Dec 14
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

Jan 09
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.
Jan 09
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, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ

Comments

Hello Abhishek, Yes. Bonus declared 1:1. Price was 334 before the day it was split. If i am not wrong in calculation its trading at 314 (in respect to original price)
Reply
@dev_trader, Thanks
Reply
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