Engineers India - Trendline broken!

184 9
It has been observed in one hour chart price action has taken support at 145 and broken the downward trend line indicating bullish movement. Engineers India is buy above 150 with stoploss 149. Targets are 155 and 159.
Note : I am a private trader. I am not giving free/paid calls. I am not taking trading classes. I am here to improve my technical knowledge. This is my trading analysis journal.
Trade active: @ 151.8 on 2/20/17
Join me in telegram to learn & earn. I also post my trades there.
right call.I am also tracking this scrip. EIL is looking very good on charts
Resistance @153 & 160 watch out for these levels to trade
vanathi avirrathi
@avirrathi, If it breaks the resistance at 160 I expect it to go higher. Thank you for sharing your view.
There will be consolidation in price due to huge spike , its good to enter after retracement near 151 and Immediate Target 154.00 , for Inter day Opportunity
vanathi shiv2798
@shiv2798, It will retrace, but I expect this script will achieve the targets I mentioned.
shiv2798 vanathi
@vanathi, Now you saw it , it did not make higher high, I think this time it will brake , and may reach up to 1st Target set or indicated by You
vanathi shiv2798
@shiv2798, You said because of RSI hidden bearish divergence?
shiv2798 vanathi
@vanathi, no absolutely not , I don't use any indicators I see through psychology of price action, always if 20/20 bullish candle form it indicate all are long and it's difficult to move price ahead , so there will be offloading of stock and price will retreat , then again it will move up
vanathi shiv2798
@shiv2798, Good logic, thank you :)
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out