NSE:ENGINERSIN   ENGINEERS INDIA
Breakout with good volume . Irregular retest complete. Wick rejection shown. Buying opportunity on next move.

Comments

this looks like it was a fake breakout..what do you think?
Reply
@Himanshu93, It is a fake breakout
partly becoz of mkt conditions
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Himanshu93 sumeetsuryawanshi2496
@sumeetsuryawanshi2496, ok sir, seems I have to book loss and come out of this stock.
Reply
@Himanshu93, You can keep it for long term perspective or exit
Reply
Gotledu Himanshu93
@Himanshu93, Seems a good breakout, into an accumulation phase now
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Himanshu93 Gotledu
@Gotledu, I bought at 90 levels, after breakout but everyday it is in red only. What to do?
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@Himanshu93, Its a fundamentally good stock you can keep it for long term if you want.
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Himanshu93 sumeetsuryawanshi2496
@sumeetsuryawanshi2496, ok sir will keep for 6-12 months.
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Gotledu Himanshu93
@Himanshu93, Hold this for some time, will fetch good returns. Always buy in small chunks Himanshu and try not to get trapped at the top
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Himanshu93 Gotledu
@Gotledu, Yeah the stock is fundamentally good but I am feeling like the market is in the hands of the bear again due to rising corona virus cases and high US bond yields. Thanks for your advice sir.
Reply
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