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Mr. Engineer is also ready to enjoyIntroduction: Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. Today, EIL is a‘Total Solutions’engineering consultancy company providing design, engineering, procurement, construction and integrated project management services from ‘Concept to Commissioning’ with highest quality and safety standards. EIL’s QMS, OHSMS and EMS are certified to ISO 9001, ISO 45001 and ISO 14001 respectively.It also provides specialist services such as heat and mass transfer equipment design, environmental engineering, specialist materials and maintenance and plant operations and safety services. EIL’s technological excellence is driven by more than 2400 engineers & professionals in a competent employee base of over 2800 employees as on March 31, 2021. The availability of technical resources per annum is about 4.5 million man-hours in EIL’s design offices along with1.5 millionman-hours of construction management services. A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:ENGINERSIN It may face some challenges near 13 year long falling trendline region but it break it out surely. The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Daily chart and Monthly chart and on weekly chart, it is expected to move towards the positive territory. So, expecting the momentum to continue. One can look to create a fresh position in the scrip near Rs. 237-247 levels with the stoploss of Rs. 220 on weekly closing basis. The 1st target will be 161.25 , 2nd target will be 174.60, 3rd target will be 188.60, 4th target will be 202.20 and the fifth and the final target will be 215.70 Risk Disclaimer: The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions. The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided. Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose. I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
NSE:ENGINERSINLong
by raigvivek
1
MOLDTE'CH: Short term bullish trend reversal ahead of earnings r📊 NSE:MOLDTECH Technical Analysis - February 2, 2024 🏭 Company Overview: 🔍 Mould Tech Technologies specializes in providing comprehensive engineering solutions, including structural engineering, mechanical engineering, and IT services. The company's expertise in delivering high-quality services positions it as a key player in the engineering sector. Recent Market Performance: 📈 On the last trading day, February 2, 2024, Mould Tech experienced a significant price jump of approximately 2.8%, closing at 277.00. This move has brought the stock close to the 0.382 Fibonacci level, a critical point indicating potential upward momentum. Technical Indicators: 🛠 Fibonacci Levels: The stock is nearing the 0.382 level, hinting at a bullish momentum. Moving Averages: Crossed over the 50-day moving average from bottom to top, currently at 272.46, while the 200-day moving average stands at 300.96. This crossover suggests a potential short bull run. Parabolic SAR: Issued a buy signal on February 2, 2024, indicating the start of a bullish phase. MACD: Showcases a buying crossover, with MACD at -1.02 and the signal at -1.45, supporting the buying trend. RSI: Trending upwards in the mid-range, indicating a positive buying wave with a K value of 68.52 and a D value of 58.37. %R: Positioned in the mid-price band but trending upwards, suggesting growing strength. Fisher Transform: At a value of 0.70 with a trigger at 0.18, indicating a trend but still in the middle of the band. Market Outlook & Strategy: 🌟 With the broader market's support, Mould Tech is poised for an uptick, with a first target set at 287.00 (0.618 Fibonacci level) and a second target at 294.05 (0.00 Fibonacci level) . An aggressive stop-loss strategy is recommended at around 261.15, considering the stock's potential volatility ahead of its earnings report on February 9, 2024. Entry & Exit Points: 🎯 Entry Point: Positive opening on February 5, 2024, may signal a buying opportunity, especially if EMA and MA crossovers occur. Target 1: 287.00. 🎯 Target 2: 294.05. 🎯 Stop Loss: 261.15, to protect against unexpected downturns. Considerations: ⚠️ Investors should monitor the stock's performance closely, especially with the upcoming earnings report. The stock's past volatility requires a cautious approach, despite the bullish indicators. Disclaimer: ⚠️ This analysis is for informational purposes only and not financial advice. Market conditions are subject to change, and investors should conduct their own research or consult a financial advisor. #MouldTech #TechnicalAnalysis #EngineeringSolutions #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
NSE:MOLDTECHLong
by finogent
07 Feb ’24 — Nifty Passes the Fire Test - Stance Upgraded to 🐂Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: ” Nifty is still undecided on the 63mts TF and for that same reason, we wish to start the day tomorrow with a neutral bias and then go long if we have a green candle above the 21913 zone. Only if BankNifty lends support we can take out the ATH and there is no better day than the expiry day for such feats.” 4mts chart The gap-up was much more than expected and we did not live well to that hype anyway. When we have a huge gap and the market starts to close, it accidentally builds momentum for the weaker hand and most of the time the scale tips in their favor. Luckily, the Bears could not capitalize on it today as Nifty fell 192 points ~ 0.87% from the highs, breaking the support of 21913. The recovery was not anything spectacular, Nifty just ended the day above the level of 21913 and for us, that is more than enough to change our stance from Neutral to Bullish. NiftyIT reminds us of the night watchman in cricket. When there are only a few more overs remaining in a Test match - you send a tail-ender instead of your best batsman. Today when BankNifty started awakening, NiftyIT started giving up. What was the reason NiftyIT ended the day with a loss of -1.25% on an otherwise good GREEN day? 63mts chart The Inverse Head and Shoulders look perfectly formed and since it is a high-accuracy pattern - we wish to put our weight behind it. The only thing standing in its way was the 21913 resistance, now the next target should be the all-time highs. Our stance for tomorrow is bullish and since these are all games of probabilities we reserve the right to be wrong as would like to keep the 21826 area as a good stop loss.
NSE:NIFTYLong
by viswaram