Engineersindia
Two Fundamentals Ideas: EIL and IGL 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).
Reasons:
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 Ltd. is STRONG BUY
IGL : Indraprasthe Gas ( NSE:IGL ): CMP: 416
DVM (Durability - Valuation - Momentum) score: 60-40-57.
Consensus Price target for 1 year: 500 (20% upside).
Reasons:
1. EPS is expected to grow by 12.2% in FY23
2. The consensus recommendation from 30 analysts for Indraprastha Gas Ltd. is BUY
3. Only concern: Indraprastha Gas Ltd.'s Revenue was lower than average estimate 2 times in past 3 years
Engineers India Breakout or Breakdown 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
trendline breakout in ENGINEERS INDIAOn 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 - 61 - LONG TERMEngineers 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.
ENGINEERS INDIA LIMITED - ASCENDING TRIANGLE WITH HIGH VOLUME
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 journal. Invest your capital at your own risk.