Engineers India has been on a down trend since December 2017. This stock has been consolidating for months in the form of a triangle and has now finally broken out. Its certainly worth timing your entry for a SHORT ride.
ENGINEERS INDIA HAD REACHED THE TARGET OF 128 (SEE POST ON 06TH APRIL).
NEXT TARGET IS 140.
IF THINGS GO WELL, THEN EXPECT 160 AS THE OTHER TARGET.
CROSSING 128 IS CRUICIAL.
NSE:ENGINERSIN
With infra index on a positive turn, this stock has signaled an end of correction (retracement) during last trading sessions.
Go long for 5% gain with a target of 123.5 for intraday tomorrow.
Those who can afford shall stay long until June expiry for more profit.
The target is around 143-146. Stop loss of 115 for both intraday and delivery.
After crossing 200EMA Engineers india holding strong above 200 EMA, it could be a Good entry after a successful breakout of 130.
if you are passive investor then you can enter after 140 breakout and also when 100EMA crosses 200EMA.
Engineers India Limited (EIL) is an engineering consultancy, and engineering, procurement and construction (EPC) company in the hydrocarbons and petrochemicals industry. The Company's segments are Consultancy & Engineering Projects, and Turnkey Projects. Its services include technologies, pre-Front End Engineering Design (FEED) and FEED, project management, procurement services, construction services and specialized services. The Company focuses on various sectors, including fertilizer and liquefied natural gas (LNG), non-ferrous metallurgy, infrastructure, strategic crude oil storage, nuclear and solar energy, and exploration and production. It offers various technologies for petroleum refining, oil and gas processing, and aromatics. The Company's projects include Guru Gobind Singh Refinery Project, Bina Refinery Project, Panipat Naphtha Cracker Project, Dabhol Bangalore Pipeline Project, Phase II Expansion of Alumina Refinery and Deen Dayal Field Development Project.
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ENGINERSIN
