Chart looking good at cmp. This level has been acting as good support. Fundamentals aren't bad. Not a company having so much debt. Covid created some impact but performance has seen some recovery. If not for the long term can be taken for a swing trade if one finds a reversal.
Need Closing above 90.15
Exit Position once it breaks the below trendline
Targets: 102, 108, 122.80
Disclaimer: This is just for learning purpose. Invest before consulting your financial advisor
Engineers India looks good in weekly TF
A good candidate for positional trade
Targets - 120,160
Stop Loss - 68
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1. BO at 84 and immediate renitence at 93
2. Buy at CMP @86 and average till 80
3. SL 80
4. Target 100/120/170
Disclaimer: This is educational purpose only.
Please share your thoughts in the comments section below.
Weekly close must be above yellow line for breakout confirmation.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
IT IS A CONSOLIdation phase.
wait and once it susstains 88 level ten you can go for a buy.
there is ascending triangle
FOR THE TARGETS OF 105
ITS 2O EMA & 50 EMA ARE PROVIDING STRONG SUPPORTS AS YOU CAN SEE ON THE CHART.
KEEP THHE STOP LOSSES AT THESE 2 EMAs.
Retesting previous resistance level
Formation of massive Bullish Engulfing candle
Spike in Volume
Wait for the price to sustain above resistance and then go Long.
Rejection from resistance will move the price to the previous support level of 71-73.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal...
Engineers India has been on a down trend since December 2017. This stock has been consolidating for months in the form of a triangle and has now finally broken out. Its certainly worth timing your entry for a SHORT ride.
After crossing 200EMA Engineers india holding strong above 200 EMA, it could be a Good entry after a successful breakout of 130.
if you are passive investor then you can enter after 140 breakout and also when 100EMA crosses 200EMA.