aks85

Engineers India- Symmetrical Triangle Formation- Potential Buy

Long
BSE:ENGINERSIN   ENGINEERS INDIA LTD
2
As seen Price has been contracting in narrow range making lower highs and higher lows in the daily chart . A breakout on the upside with volumes would resume the trend in the upward direction to 315-320 levels. Stop Loss- 247.
Trade active: Aggressive trader would have entered the trade on 24 Oct around 275.5. Conservative traders can enter now as the breakout got retested.
Comment: A close below 247, exit position.