Engineers India :: Breaking long term resistanceEngineers India seems to be on the move to break long term resistance of 75. Seems to be bullish if it sustains above 75.5!
ENGINERSIN trade ideas
Engineers India Limited-Target 100Can see a good breakout in EGINERSIN and testing same levels for the 4th time. Can buy for a target of 100+.
Triangel Pattern in EnginersinEnginersin 1day candle (Triangle pattern)
The breakout will happen anytime soon
To conform the break wait for the retrace candle(it may not happen sometime)
Trade with good stop-loss
Note: check the volume when the breakout happen
(Trading is probility)
Engineer India Enter at CMP for target of 75 & 80 . Its positional trade hold till 80.
NOTE.
You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk.
ENGINERSIN forming a expanding channel BUY siganls at 67I WILL LOOK AT BUYING OPPORTUNITIES AT ENGINERSIN because :
It is forming a continuous channel pattern.
It is kind of expanding pattern .
It has been taking the support of the lower trend line.
Now the price is again at its support level so will be looking at buying opportunities.
Entry : 67
First Target : 75
Second Target : 82
Stop loss : 63.5
Enginers Bullish Bias Target 70 Bullish Bias
Can be bought at CMP Levels
Stop Loss 59
Target 1 - 70
Target 2 - 74
Engineers IndiaThere has been no retest of the high after break of the green channel. Prices have formed lower highs since then. The present level has not given bullish retest. Wait and watch.
Enginers INdia buy trade at current levelsStock has tested in major support zone of 63 and bounce back from those levels and broke the down trendline indicating continuation of the current momentum. A Fresh can be initiated at 66.5-67.5 levels with stoploss below previous swing low for target 1 and target 2
Long Engineers IndiaPrice Action suggest it is taking support around 100. Can be bought @100 with SL 97 which is very small. Good RR
Disclaimer: Ideas for educational purpose, give thumbs up if you like.
