"Engineers India - Trendline broken!" by trader vanathi — published 2017-02-18

TradingView

Go PRO

Long

ENGINEERS INDIA (NSE:ENGINERSIN)

NSE:ENGINERSIN ENGINEERS INDIA

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

GREAT..!!

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

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

shiv2798

@shiv2798, It will retrace, but I expect this script will achieve the targets I mentioned.

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

shiv2798

@shiv2798, You said because of RSI hidden bearish divergence?

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

shiv2798

@shiv2798, Good logic, thank you :)

Community & Tools

House Rules Moderators People Chat Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar AppStore

For Business

Website & Broker Solutions Widgets Charting Library Trading Terminal Brokerage Integration Advertising Referral Program Content Streams & RSS

Support

Status Page Blog Feature Request Help & Wiki FAQ Contacts

About

How It Works Features Compare Plans Press Terms of Use Risk Warning Privacy Policy Cookies Policy

Made with

From the creators of MultiCharts

Select market data provided by ICE Data services