Engineers India - Breaks Trendline
Updated
It is been observed that the price action breaks and closes below the upward trending line on daily chart, indicating further weakness and bearishness. Now, it shall further move down to the next support level at around 252-250 levels. It is also important to note that it is facing a strong resistance at around 275-278 levels.
Target: 252
Stoploss: 280
Target: 252
Stoploss: 280
Trade active
Correcting Sharply, already 2% down.Trade closed: target reached
Wow moments, this the forth target that we achieved today successfully. Wish you all the best, Regards
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