Engineers India - Weekly - Breakout
Self Explanatory chart, RSI and MACD positive
volumes are increasing, candles are small, huge consolidation, already was trading in a downtrend channel but now again entering the same channel. its a short term Pure Trade
I WILL LOOK AT BUYING OPPORTUNITIES AT ENGINERSIN because :
It is forming a continuous channel pattern.
It is kind of expanding pattern .
It has been taking the support of the lower trend line.
Now the price is again at its support level so will be looking at buying opportunities.
Entry : 67
First Target : 75
Second Target : 82
ENGINERSIN is bullish with uptrend above ichimoku cloud and has long contracts built in a falling market.
Enter Engineers India (ENGINERSIN) in CASH around 124.35 with Stop-loss 122.3 and Target of 131.45
ENGINERSIN has broken out of a falling Trend line.
RSI (14) has also broken out.
Volumes are increasing and above average.
Price seems to be heading to newer highs.
Target 1: 162
Target 2: 171