ABCD to complete anytime soon. Wait for the AB=CD completion
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 Stoploss: 153
for educational purpose - short it below 145.5 with sl of 150 for 130
I do understand the concern of shorting a stock in such a bull market however I do prefer to be market neutral to protect myself for unexpected fall. The stock has formed a Roof pattern so could be shorted here or on little higher price with stop loss of 160. One can expect the level of 138 and 125 as target.