Double Bottom in Engineers IndiaChart -> Engineer's India Daily
Perfect double bottom breakout with volume!
CMP: 202
Good Range to Buy: 190 TO 205
Targets: 220, 230, 245
SL: 178 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Engineersindia
Ashoka Buildcon for 60% gainsDate: 15 Oct’24
Symbol: ASHOKA
Timeframe: Daily
Ashoka Buildcon seems to be in Wave 4 which is likely to see one more leg down before it starts to move up in Wave 5 towards 370 (~60% from end of Wave 4) as seen in the chart. Company’s market cap (~7000 cr) to sales (10,000+ cr) ratio is at 0.68 while the industry average is 4 times higher at 2.24.
This is not a trade recommendation. Please do your own analysis. I have the right to be wrong.
Aisa lagta hai ki Ashoka Buildcon Wave 4 mein hai, jiske Wave 5 mein 370 (Wave 4 ke ant se ~ 60% adhik) ki taraf badhane se pahale ek aur baar neeche jane ki sambhavna hai, jaisa ki chart mein dekh sakte hain. Company ka market cap (~7000 crore) aur sales (10,000+ crore) ratio 0.68 hai jabki industry ka average 4 guna adhik 2.24 hai.
Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
ENGINEERS INDIA - ON RADAR FOR REVRSAL!Price Analysis & Overview:
1. Good volume
2. Expecting bounce, possibly the currently it is taking pullback as per volume analysis.
3. It has tested the 14-year ATH level.
4. I will wait and observe for now for the price to give me confirmation.
- Stay tuned for further insights and updates, and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Multiyear Breakout - 14 years of consolidationAfter 14 years of consolidation , Engineers India Multiyear Breakout on Monthly Chart ,
Perfect breakout , remove weak hand by retrace then again breakout , know trading at Rs 244.80 . already move 200 % within a year. It could be double my target is Rs 500 within 3 Years with a SL of 204.
YoY Growth QoQ Growth (SHAREHOLDING)
Fundamental analysis :- FII -0.95% -0.59%
DII -2.35% -1.97%
Retail 2.03% 3.05%
Retail has been buying the stock which is usually a sign of exuberance
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.
Short Term Trading Opportunity in Engineers India 20% UpsideHi,
An bullish on-neck Breakout pattern emerged on the Daily chart of NSE:ENGINERSIN
MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Wiil this PSU stock breach it's Life high ?Hi,
I am here again, with a brilliant weekly flag breakout PSU stock and it is $NSE:ENGINERSIN.
It has given a clear breakout on weekly charts with very good volume. MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. After considering all these facts, the conclusion is this that it is a successful breakout.
In the current market senario I am expecting that the bullish momentum will continue. Complete price projection mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: This idea is for Edcational purpose. Please consult your financial advisior beforre making any investment decision.
ENGINEERS INDIA - Swing Trade Analysis - 29th April #stocksENGINEERS INDIA (1D TF) - Swing Trade Analysis given on 29th April, 2024
Pattern: ASCENDING TRIANGLE
- Volume Buildup at Resistance - Done ✓
- Daily Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
ENGINERSIN Analysis & Prediction in DTFThis is the analysis of ENGINERSIN in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About ENGINERSIN :
Engineers India Ltd. engages in providing engineering, technical, and consultancy services. The firm operates through the following segments: Consultancy & Engineering Projects and Turnkey Projects. The company was founded on March 15, 1965 and is headquartered in New Delhi, India.
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.
ENGINEERING INDIA LIMITED STOCK PRICE ACTIONNSE:ENGINERSIN
when price drop in the previous 2019 price reacted from a strong demand zone in the half and monthly,
Last Time Price Hits Monthly & weekly Strong Supply Zone, then all demand zone Back to Back Breaks,
Now Price hits Weekly Dz, there are two excuition level 1st zone very good,
if market in strong selling presure may be change to price come in the lower level,
*Now there may be a very good moment in the price, because every demand zone is responding since the price hit the weeky dz*
1st tg
2nd tg easily achieve.
ENGINERSIN - Long Setup, Move is ON..NSE:ENGINERSIN
✅ #ENGINERSIN trading above Resistance of 205
✅ Next Resistance is at 270
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Long Engineers India for Target of 109 - 127 - 200 Engineers India gave a perfect Triangle breakout on monthly chart.
82.5 is a first resistance once sustains above this then stock will go for target of 109.25
In few years can reach a target of 200+ if it shows improved earnings
Stop loss should be base of triangle pattern on closing basis.
ENGINERS INDIA : Weekly Chart (1-3 months)#swingtrade #breakout #VCP #vcpbreakout #rading
#ENGINERSIN :
>> Beautiful VCP visible
>> Flag Structure Breakout
>> Good Strength & Volumes Buildup
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Engineers India - Multiyear Setup - Huge PotentialThe analysis is done on Daily as well as on Monthly time frame.
Refer the Daily chart of Engineer India for short term picture & opportunity for entry
It is forming a Cup & Handle pattern with breakout awaited.
As we can see there was a prior buying force and now the stock was in pullback for few weeks. It seems to be coming out of that pullback period.
With the help of bigger picture, one can plan their investment as well and since we know the bigger picture, we can stay in the trade with conviction.
Pls note that The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
ENGINERSIN : Breakout Candidate#ENGINERSIN #breakoutcandidate #breakoutstocks #trendlinebreakout #momentumstock
ENGINERSIN : Swing Trade / Short term (1-3 months)
>> Beautiful Structure, possibly trendline breakout soon
>> Stock has taken a good pause after the initial momentum and now ready for more upside
>> Good strength and Volumes in stock
SWing Traders should focus on 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
ENGINEERS INDIA - 164% RETURNS!!!BUY - ENGINEERS INDIA
CMP - Rs. 75
Target - 1: Rs. 117
Target - 2: Rs. 150
Target - 3: Rs. 200
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Comment: Targets 2 and 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern indicating Bullish Reversal.
2) Targets set using Fibonacci Retracements and Gann Angles.
3) The stock is at support.
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Engineers India Ltd _ On a Multi Year Break outEngineers India Ltd is a company engaged in construction and maintenance of industrial facilities such us refineries, chemical plants etc and also engaged in architectural and engineering activities and also related in technical consultancy . Now having good number of orders from different projects of IOCL, BORL-refinery expansion . Also focussing in new verticals like hydrogen, biofuel etc and also planning to expand its export presence in middle east Africa and South America . A debt free company with zero promoter pledge. Price is near at 52 week high now and if momentum supports multi year breakout can happen . Expecting a movement above 150 levels in 3-6 months time
Can get double from here!!Chart -> Engineers India Weekly
Looking at the structure, it can double easily in 1 to 3 years, the highest ever weekly volume in the history of 23 years of the stock!
CMP: 97
Good Range: 85 to 95
Target: 130, 145, 175, 200
SL: 80 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.