HARMONICSANAND

value pick with bullish technicals

Long
NSE:ENGINERSIN   ENGINEERS INDIA
enginersind :

trade set up :
1. buy at cmp 75. 05 till 73
2. keep stop loss as 66 on closing basis
3. short term targets : 84.35/96.65/
long-term targets 112.25/128.35/146.35
technical setup :
1. trendline
2. fibonacci
3. triangle
4. value
note :
a. stock trading exactly at strong trendline support , which is intact for more than 52 weeks .
b. its fibonacci retracement value also at good bullish reversal value of .786
c. its trading in rising parallel channel with lower trendline intact in multiple time frame analysis .
d. in addition its valued at good price for long term / short term pick.
Comment: 80.80 high