Double Bottom BreakoutAlthough the breakout has happened,
Enter only above 136 (Above current swing high)
ENGINERSIN trade ideas
Looks like a Long till 140 - 142 in the next few daysLooks like a Long till 140 - 142 in the next few days
#ENGINEERIND CASH : LOOKS GOOD FOR SHORT TERM ABOVE 140 ENGINERSIND CASH
31 JULY 2018
SHORT TERM UPSIDE ABOVE 140 FOR 146-150 ZONE SL 133
RISK FREE FOR LONG ABOVE 150-152 FOR 162/170
CMP 136
ENGINERSIN for Swing TradingENGINERSIN can be bought for swing trading.
Price broke out of EMA 50 and also crossed previous swing high.
Also after giving breakout of EMA 50 it is in pullback mode and it has formed bullish pin bar and after that pin bar it formed inside bar.
MACD also confirms an up trend and facing up and also moving towards zero line.
Risk Reward 1:2.
A Possible trend reversalENGINERSIN is showing possible sign of trend reversal. We will have to wait till it breaches Keltner Channel Downtrend of violate the previous high of around 138
possible moves for engineers indiaby seeing chart it is clearly visible that downtrend has come to an end. if it breaks above trend line then uptrend will get confirmed if it unable to cross trendline that it can possibly make a double bottom pattern and then may break the line so keep watch for breakout. one more interesting thing is compared to previous upmoves in the above channel this time the upmove was rather fast showing some sort of strength so one can expect a breakout here.
Engineers India - Bearish outlookIn Downtrend and just formed a lower high.
In S/R zone also, has broken crucial MA's.
Short below 119
Target - 98
SL - 134
Watch ENGINERSIN for investment purpose but lets see breakout Watch ENGINERSIN for investment purpose but lets see breakout to buy. buy above 122
La lo , Next Possible Move , dont ask again & again This i am posting because you are stuck , Now dont ask me again again , this is next possible move , that means you either exit in this inter day season move high with trailing your stop on hourly candle , and once reversed or you are taken out wait , Patience is key , wait til it gives some pull back and reversal , and dont trade next time Options contract ,
ENGINERSIN - SHORTShort with a Trailing SL.
If holding overnight, I suggest closing the trade when the support line is touched.
LONG EnginersInd - Looking good on chart for short term tradeStop loss - below 130 on closing basis
Immediate target - 142
Risk/Reward Ratio : 1/5
Disclaimer: This is only for educational purpose. Do your own analysis before making any final decision.
LONG ENGINERSINI hope you can now see howENGINERSIN CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
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Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these CHART will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these CHART are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. Unlock Financial has no responsibility for your trading results. There is a high degree of risk in trading.
EnginersIn long setupEnginersin looks good buy above 165 for immediate target of 185 and then 200 and more
145 was a good buy zone
Go for Long on Engineers IndiaNSE:ENGINERSIN is showing a bullish pattern. Go long with a target of 168(t1), 176(t2) & 206(t3). A stoploss of 158 is recommended!
Long on Reversal Near LevelsHere is the tricky part , the price may enter in range bond for few days before entering a last drop and reverse , I am looking this as accumulation process of institutional , they will dribble for few days before making a last push down and reverse ,
Any reversal near 141 Range is buy for me for short term trend target of 175+
Engineers India - Short PA Is near a key supply area and so one can take a risk of 3 -4 points for 20+ points of profit. If in case the SL is engulfed then there could be a rally to the upside and w may take a long after the engulf.
Engineers India - Pinbar formation. Engineers India - Pinbar formation.
But pinbar is a red candle and Pinbar is at S/R zone.
Just keep it on watchlist.
Engineers IndiaThis is just an idea .Please do trade on your own risk :)
This is my 1st idea which I published.
Engineers India : A Good Buy Candidate for Short Term {Bullish}Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
ENGINEERSIN Channel BreakoutENGINEERSIN has been moving in a Channel , currently on the edge awaiting a reversal or a breakout to complete the BAT Pattern.
Beware! its monthly! Will take 2 million years to complete.
