ENGINERSIN trade ideas
Engineers India: a probable long trade~increasing FII stake, coupled with a multiyear #breakout in a PSU themed stock is a perfect recipe for a #multibagger
Targets in blue with a SL of 55 on WCLBS
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
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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Engineering India : Weekly BuyEngineering India weekly chart : Superb bullish setup on chart double bottom and in second bottom there is a inverted head shoulder breakout is confirmed double bottom after a long period of consolidation.
Engineers India Breakout or Breakdown Engineers India Limited is an Indian is a central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India.
94 on the upside
49 on the downside
trendline breakout in ENGINEERS INDIAOn a 1-day time frame, Engineers India formed a falling wedge pattern and a descending triangle pattern and got a breakout with a successful retest. Best opportunity to buy and hold the stock. 60 will be the support 1 and 50 will be the support 2 of the stock below that exit position.
engineers india longwedge pattern breakout target will be going to 82rs... do your proper analysis and take a trade.. happy trading
Cup and Handle pattern breakoutToday I picked ENGINEERSIND because, it broken cup and handle resistance on closing basis. The following factors are considered by me for picking this.
1. High Volumes at breakout.
2. Cup and handle Pattern
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term swing trades.
Please consider these for educational purposes
YR 2022 Idea #95: Long on ENGINERSINThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
ENGINEERS INDIA - 61 - LONG TERMEngineers India Limited is an Indian government owned engineering consultancy service provider. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It was set up in 1965 with the mandate of providing indigenous technology solutions across the hydrocarbon projects.
ENGINERSIN - Only move upwards cross 70 ENGINERSIN - Only move upwards when it cross 70
Educational purpose
Buy ENGINEERSINDIA Strong fundamental stock available at Monthly support of 60 range. Good 30% plus upside visible in medium term
looking a reversal in short term trend.may be end of down trend in short term, wait for a good opportunity
ENGINERSINIf you want (price action) of any charts then drop the stock keyword in the comment section.
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Thank you.
Note: Don't trade without stoploss because risk management is the main key in trading.
Engineers India1-At support , 69 is acting as strong support on closing basis.
2. Has mad double bottom at as per chart.
3- trendline shows support at current levels.
4- dragon fly doji near same bottom shows that there is buyers interest at cmp.
#Engineers India l AB=CD pattern#Engineers India Reciprocal AB=CD pattern
PRZ-60.75
CMP:71.25 @16 December 2021
Mortgage Gap: EnginersIndiaCan buy with a stop loss below 71 for a target of around 80-85 for short term.
potential at handhave this as a passive form of positional investment . but have a stop loss as well :)
symmetrical triangle on weeklyafter monthly bearish currently moving in symmetrical triangle
now at bottom trendline can be good spot for entry
ask for detail in comment if needed
