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.
#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 &...
BUY - ENGINEERS INDIA
CMP - Rs. 75
Target - 1: Rs. 117
Target - 2: Rs. 150
Target - 3: Rs. 200
Comment: Targets 2 and 3 will be achieved in the long term.
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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Long engineers India above 116 Target 122-125 SL 111. Short-term trade idea. Good risk to reward trade. At support levels, the bullish green candle has been seen. High probability that the stock will turn around from the area of value. This is for your educational purpose only.
Engineers 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...
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!
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,...
This is a technical analysis report on NSE:ENGINERSIN Engineers India Limited (EIL), a leading engineering and consultancy firm in India.
Technical Analysis Summary:
EIL is currently trading at INR 77.05 (as of 18th April 2023, 2:26 p.m.).
The stock has recently breached its 50-day moving average from the bottom upwards, with the 0.618 Fibonacci...
EIL : Engineers India Ltd (# NSE:ENGINERSIN ): CMP: 83.25
DVM (Durability - Valuation - Momentum) score: 60-43-68.
Consensus Price target for 1 year: 100 (19% upside).
1. Engineers India Ltd.'s Revenue was higher than average estimate 2 times in past 3 years
2. EPS is expected to grow by 4.2% in FY23
3. The consensus recommendation from 5 analysts for...
Engineers India Limited is an Indian is a central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India.
94 on the upside
49 on the downside
On a 1-day time frame, Engineers India formed a falling wedge pattern and a descending triangle pattern and got a breakout with a successful retest. Best opportunity to buy and hold the stock. 60 will be the support 1 and 50 will be the support 2 of the stock below that exit position.
Engineers India Limited is an Indian government owned engineering consultancy service provider. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It was set up in 1965 with the mandate of providing indigenous technology solutions across the hydrocarbon projects.
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...