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Technical Analysis Engineers India LimitedThis is a technical analysis report on NSE:ENGINERSIN Engineers India Limited (EIL), a leading engineering and consultancy firm in India. Technical Analysis Summary: EIL is currently trading at INR 77.05 (as of 18th April 2023, 2:26 p.m.). The stock has recently breached its 50-day moving average from the bottom upwards, with the 0.618 Fibonacci retracement level acting as resistance. Stochastic RSI indicates overbought conditions with KD values at 95.64 and 94.46, respectively. MACD suggests a positive uptrend, while Williams %R is above the -14.56 level. Based on our technical analysis, we recommend the following: Buy Recommendation: Target 1: INR 78.35 Target 2: INR 80.45 Stop Loss: INR 75.05 Please note that these recommendations are based on our technical analysis and should be considered along with other factors, such as market conditions and the company's fundamentals, before making any investment decisions. Outlook: The current technical indicators suggest a bullish trend in the short term for Engineers India Limited. However, investors should closely monitor the stock and adjust their positions accordingly, considering the overbought conditions indicated by the Stochastic RSI. Disclaimers and Disclosures: This report is for informational purposes only and should not be construed as a solicitation or offer to buy or sell any securities. Finogent Solutions and its analysts may have positions in the securities mentioned in this report, and any such positions are subject to change without notice. The information and opinions presented in this report have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. The views and opinions expressed in this report are those of the analysts at Finogent Solutions and may differ from the views of other market participants. Please consult your financial advisor before making any investment decisions.
NSE:ENGINERSINLong
by finogent
MACD: Bearish or Negative Divergence1. What is a divergence ? a) A divergence takes place when the MACD indicator (or any other technical momentum indicator) contradicts price. b) A divergence is often seen as a sign that the current market action is losing its momentum and weakening, meaning it could soon change direction. c) One of the most common problems with divergences is ‘false positives’, which is when the divergence occurs but there is no reversal. 2. What happens generally post a divergence ? The price market makes an all-time high and the MACD indicator below makes a lower high. This is another excellent reversal trade opportunity and you can see for yourself what happened with price after the event.
NSE:JTLINDEducation
by URANOUSCOLD
"KOTAKBANK" on positive reversalNSE:KOTAKBANK is trying to breach 0.5 Fibonacci levels, and if succeeds to close above that level we can see short term upside in the stock. Target 1 = INR 1778.40 Target 2 = INR 1803.60 Stop Loss = INR1717 The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved. Disclaimer : The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume . However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.{/i]
NSE:KOTAKBANKLong
by finogent
Balrampur Chini Cmp 375.55 dated 6-3-2023 Triangle BOBalrampur Chini Cmp 375.55 dated 6-3-2023 1. Triangle Pattern Formation 2. Bo above 376 3. RSI BO Buy above 376 for target 390-400-410-415 SL 350 Pattern target will be 440 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BALRAMCHINLong
by SHEETAL_UDESHI
33
"BSOFT" Trending UP NSE:BSOFT with stronger trend reversal. if it gains +ve on the next opening day. Target 1 = INR 97.50 Target 2 = INR 101.55 Stop Loss = INR 93.65 The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved. Disclaimer : The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume . However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.{/i]
NSE:BSOFTLong
by finogent