NeeteshJain

Engineers India - Breaks Trendline

Short
BSE:ENGINERSIN   ENGINEERS INDIA LTD
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
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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