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.
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11:08 Hrs 8th Dec2016
Last Price@305
Started moving in the desired direction.
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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
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08:18 Hrs 10th Jan2017
Last Price@152
Hi, Anyone can update me about this stock- what has happened here in the counter.
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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.
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dev_trader
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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)