ENGINERSIN trade ideas
Engineers India - Trendline broken!It has been observed in one hour chart price action has taken support at 145 and broken the downward trend line indicating bullish movement. Engineers India is buy above 150 with stoploss 149. Targets are 155 and 159.
Note : I am a private trader. I am not giving free/paid calls. I am not taking trading classes. I am here to improve my technical knowledge. This is my trading analysis journal.
Engineers india limitedEil is entering in a channel. It has to maintain itself above 153.
My 1st target is 160
2nd target is 171 Stoploss 144
Engineers India Roof Pattern ShortI 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.
Engineers India - Fails to breach resistance at with momentumEngineers India fails to breach resistance at around 155-160 range with momentum, may decline further.
ENGINEERS INDIA - ShortENGINEERS INDIA have broken its support line on daily chart. Also, its has formed 'Head and Shoulders' pattern.
Though RSI looked oversold, but it is going to fall to level of around 139 in short term.
Please comment, if you feel any change/addition to my view :)
ENGINERSIN : Interesting Level of 160-165 - Triple Top?Its been observed on weekly chart for ENGINERSIN, that from last 5 years, its tried to touch 160-170 levels 3 times and never closed above 170 (On weekly closing basis). This stock is in uptrend from quiet sometime and reach to this resistance.
Currently its trading at same resistance level and showing the southward direction. There is good opportunity to short for TP of 130 and then 125 with strict SL of 165 (On weekly closing basis).
Please note that recently this script got split. So for calculation or to compare earlier chart, multiply the price with 2. (E.g. 30/06/2014, high price 165.85 was actually 331.7).
sell call or buy put as we can see the market is already over extended and the bearish kicker signal in overbought condition and there is bearish divergence there and i feel that the stock prices is over extended
ENGINEERS INDIA- Short Term Buy for 325 & Long Term Sell for 70(( ))- Means circled
L-S - Long First & Short Later
In Year 2008-2009- Engineers India had a parabolic rise from 50 to 500-550 zones. Since then, this stock corrected to 120's in 2013 & has been moving into a long term correct structure which appears to be flat in ((X))- wave
Short Term Opportunity- Buy
Looking for 325-330 as a target zone holding above 300
Long Term Opportunity-Sell
Looking for ((Y)) wave which could trouble Engineer's India till 50-70 zone in coming years from the zone 325-330 -once we get confirmation that it has started downside.
Engineers India- Victorious among a bunch a falling cardsEngineers India is witnessing a breakout from daily charts and a close above Rs 280 would confirm the same. Target on this stock would be Rs 320-325 levels
Wash & Rinse Short EngineersIndiaThe stock broke the channel and immediately came in the channel gives a chance to trade short for a target of around 251. Stop loss 291 on closing basis.
Enginerin long breakoutEnginerin giving long breakout above 280.50, above this it can go the level 283.80/286 if do not break 278 on downside.
Engineers India - Breaks Above Strong ResistanceIt is been observed on hourly and daily chart that the price action breaks and closes above the important and strong resistance levels of 275-278, indicating a strong buyers dominance and further bullishness ahead. It may correct to 275 levels before it goes up again. Therefore, I would suggest to keep a good eye on price action in order to reduce risk.
Target: 292
Stoploss: 269
ENGINEERS INDIA. Time to Outperform Target 344LONG ENGINERSIN @ 283-285 for Targets 344 & 383.
ENGINERSIN has moved very well since last bottom it has formed in February 2016 around 138. Since then it has been a steady rise for stock. It has been range bound for a while and Clear breakout has been seen last Week Closing above 280.
It will Reach 344 & 383 Levels Soon.
*Sharing Ideas for Educational Purpose Only.
ENGINEERS INDIA LTDStock posted good result so My expectations of opening around 2-4% up in preopen in up level 268-273-277 are resistance if stock facing problems with these levels then short with near resistance as sl..
PF Short good Risk/Reward possibilityStock so far is respecting the Pitchfork so a short is possible at current level with SL of 273 and target 240.
Engineers India- Symmetrical Triangle Formation- Potential BuyAs seen Price has been contracting in narrow range making lower highs and higher lows in the daily chart. A breakout on the upside with volumes would resume the trend in the upward direction to 315-320 levels. Stop Loss- 247.
Wolfe Wave Short - Engineers IndiaNeatly formed Wolfe Wave may drag the price to 240 level so worth trading it with the stop loss of 275. Entry level one can decide himself either tomorrow opening for wait for little pull back.
Engineers India - Breaks Trendline It is been observed that the price action breaks and closes below the upward trending line on daily chart, indicating further weakness and bearishness. Now, it shall further move down to the next support level at around 252-250 levels. It is also important to note that it is facing a strong resistance at around 275-278 levels.
Target: 252
Stoploss: 280
EnginersIn patterns possibleCurrently in no trade zone as per pattern trading but below 249.1 on clbs should fetch 234 and above 269.8 on clbs should give 278.
Engineers India :Ready for breakout from a multiyear resistanceEngineers India has closed at its multiyear resistance of 251 levels with huge volumes today supported by news of good results. A breakout above this Resistance level should take this counter to 285 levels soon.
