Short term trading opportunity in Engineers India for 20% upsideHi,
NSE:ENGINERSIN has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Enginersind
Short Term Swing Trading Idea in Engineers India for > 20% UpsidHi,
NSE:ENGINERSIN has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Mr. Engineer is also ready to enjoyIntroduction: Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries.
Today, EIL is a‘Total Solutions’engineering consultancy company providing design, engineering, procurement, construction and integrated project management services from ‘Concept to Commissioning’ with highest quality and safety standards. EIL’s QMS, OHSMS and EMS are certified to ISO 9001, ISO 45001 and ISO 14001 respectively.It also provides specialist services such as heat and mass transfer equipment design, environmental engineering, specialist materials and maintenance and plant operations and safety services.
EIL’s technological excellence is driven by more than 2400 engineers & professionals in a competent employee base of over 2800 employees as on March 31, 2021. The availability of technical resources per annum is about 4.5 million man-hours in EIL’s design offices along with1.5 millionman-hours of construction management services.
A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:ENGINERSIN
It may face some challenges near 13 year long falling trendline region but it break it out surely.
The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily chart and Monthly chart and on weekly chart, it is expected to move towards the positive territory. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 237-247 levels with the stoploss of Rs. 220 on weekly closing basis. The 1st target will be 161.25 , 2nd target will be 174.60, 3rd target will be 188.60, 4th target will be 202.20 and the fifth and the final target will be 215.70
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
ENGINERSIN - Ichimoku Bullish Breakout Stock Name - Engineers India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 82
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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