UnknownUnicorn4260559

Engineers India : Engine on run

Long
NSE:ENGINERSIN   ENGINEERS INDIA
Buy on hourly close above 131 with stop loss below 122 for target 160.

Engineers India has been consolidating in 100-130 range from last 8-9 months. It has given breakout within the pattern but still not able to cross 130 range. 20 DEMA is above 50 DEMA . 50 HEMA is above 200 HEMA. Volume has been good in the run from 100 to 130. 120 will act as support zone .
Counter is still in range and we would wait for hourly or daily close above 131 to get clear trend.

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