Stock in Demand Zone: Engineers India
Engineers India has fallen from 52 high of 304 considerably in the past months.
The stock is trading near the strong demand zone 210 - 220 levels.
In the past, buying at this level has given returns of over 22% to 36%.
Engineers India has good financial performance alongside good to expensive valuation.
However, it lacks price momentum as suggested by technical indicators.
You can enter for long-term targets as shown in the chart.
The stock is trading near the strong demand zone 210 - 220 levels.
In the past, buying at this level has given returns of over 22% to 36%.
Engineers India has good financial performance alongside good to expensive valuation.
However, it lacks price momentum as suggested by technical indicators.
You can enter for long-term targets as shown in the chart.
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